New Rule Would Allow Jockey Fund to Self-Insure

The Workers’ Compensation Board has proposed a new rule that would allow the horse racing industry to self-insure for workers’ compensation. The board on Wednesday posted in the state Register a rule that would protect employees covered under the Jockey Fund, including jockeys, apprentice jockeys and exercise riders, from economic hardship by ensuring the fund maintains adequate resources. Under current law, employers who want to self-insure must submit certain financial records to prove their ability to self-insure and must tender a security deposit to the board. The ...