ICA Adopts Changes to Self-Insured Pool Excess Coverage Requirements

The Industrial Commission of Arizona has adopted rules it says will make it easier for self-insurance pools to obtain excess coverage. The rules allow retention amounts ranging from $100,000 to $1.25 million and eliminate a requirement that all self-insured pools have a retention amount of $250,000.  The commission will now require a maximum aggregate retention amount of 150% of collected premiums, rather than the 110% of collected premiums currently required. And the rules reduce the minimum aggregate excess coverage limit to $1 million from $5 million. “Each of t...