Bill Would Amend Comp Law for Bankrupt Self-Insured Employers

Minnesota lawmakers have proposed legislation that would amend provisions in the workers' compensation law concerning instances where private self-insured employers are determined to be insolvent. Senate Bill 3193, filed Thursday, deals with self-insured employers that are issued certificates of default and whose security deposits are called by the state’s workers' comp commissioner after a failure to pay comp benefits in cases where the company files for voluntary or involuntary bankruptcy. The bill would require self-insureds to notify the comp commissioner prior to ...