List of State Residual Insurance Market Entities 

and State Workers’ Compensation Funds

On November 26, 2002, President Bush signed into law the Terrorism Risk Insurance Act 

of 2002 (Public Law 107-297, 116 Stat. 2322). Section 102(6)(A)(iv) of the Act provides 

that insurers required to participate in the Program include State residual market 

insurance entities or State workers’ compensation funds. These entities are generally 

referred to as “residual market mechanisms.” 

Treasury published a final rule in the Federal Register at 68 FR 59715 (October 17, 2003) 

that addressed issues associated with the participation of residual market mechanisms 

under the Program. In particular, Section 50.30(c) of the final rule provides that Treasury 

will release and maintain a list of state residual market mechanisms that are mandatory 

participants in the Program. As Treasury indicated in its discussion of the final rule, we 

will maintain and continue to update the list from time to time. 

It should be noted that the list that follows is intended to provide guidance and certainty 

to those entities that are required to participate in the Program. The list was developed in 

consultation with the National Association of Insurance Commissioners, and it reflects 

Treasury’s efforts to identify residual market mechanisms that are required to participate 

in the Program. However, the list is not exclusive, and a residual market mechanism that 

meets the requirements for Program participation should not assume that because it has 

been excluded from the list that it is excluded from Program participation. If a residual 

market mechanism has questions regarding their inclusion or exclusion from this list, or 

their overall participation in the Program, they should contact the Terrorism Risk 

Insurance Program, Suite 2100, Department of the Treasury, 1425 New York .Ave., NW., 

Washington, DC 20220 (202-622-6770). 
List of State Residual Market Entities and State Workers’ Compensation Funds (October 1

State Workers’ Compensation Automobile Property 

Alabama National Workers’ Compensation

Reinsurance Pool (NWCRP) 

Alabama Commercial Auto Insurance Procedure 

Alabama Insurance Underwriting Association (Beach Plan) 

Alaska NWCRP Alaska Servicing Carrier Program Arizona NWCRP Arizona Commercial Auto 

Insurance Procedure 

Arkansas NWCRP Arkansas Special Risk Program Arkansas FAIR Plan California The California State Compensation 

Insurance Fund 

California Commercial Auto Insurance Procedure 

California FAIR Plan Association 

Colorado Pinnacol Assurance Fund

(previously known as the Colorado Compensation Insurance Authority Fund) 

Colorado Commercial Auto Insurance Procedure 

Connecticut NWCRP Connecticut Commercial Auto 

Insurance Procedure 

Connecticut FAIR Plan 

Delaware NWCRP Delaware Commercial Auto 

Insurance Procedure 

Insurance Placement Facility of Delaware (FAIR Plan) 

District of Columbia 

NWCRP D.C. Auto Insurance Plan District of Columbia Property 

Insurance Placement Facility (FAIR Plan) 

Florida Florida Workers’ Compensation

Joint Underwriting Association 

Florida Automobile Joint Underwriting Association 

Citizens Property Insurance Corporation 

Georgia NWCRP Georgia Commercial Auto 

Insurance Procedure 

Georgia Underwriting Association (FAIR Plan) 

Hawaii Hawaii Employers’ Mutual 

Insurance Company, Inc. 

Hawaii Joint Underwriting Program Hawaii Property Insurance 

Association 

Idaho NWCRP Idaho Commercial Auto Insurance 

Procedure 

Illinois NWCRP Illinois Commercial Auto Insurance 

Procedure 

Illinois FAIR Plan Association Illinois Mine Subsidence Fund 
State Workers’ Compensation Automobile Property 

Indiana NWCRP Indiana Commercial Auto 

Insurance Procedure 

Indiana Basic Property Underwriting Association (FAIRPlan) Indiana Mine Subsidence Fund 

Iowa NWCRP Iowa Commercial Auto Insurance 

Procedure 

Iowa FAIR Plan Association 

Kansas NWCRP Kansas Commercial Auto Insurance 

Procedure 

Kansas All-Industry Placement Facility (FAIR Plan) 

Kentucky The Kentucky Employers’ Mutual

Insurance Authority 

Kentucky Commercial AutoInsurance Procedure 

Kentucky FAIR Plan and Reinsurance Association Kentucky Mine Subsidence Fund

Louisiana LA Workers’ Compensation Corp Louisiana Commercial Auto 

Insurance Procedure 

Louisiana Insurance Underwriting Association (Beach Plan) Louisiana Joint Reinsurance Plan (FAIR Plan) 

Maine Maine Employers’ Mutual 

Insurance Company (MEMIC) 

Maine Commercial Auto InsuranceProcedure 

Maryland The Injured Workers’ Insurance 

Fund of Maryland 

Maryland Automobile Insurance Fund 

Joint Insurance Association (FAIR Plan) 

Massachusetts Massachusetts Workers’

Compensation Assigned Risk Pool 

Commonwealth Automobile Reinsurers 

Massachusetts Property Insurance Underwriting Association (FAIRPlan) 

Michigan The Michigan Workers’

Compensation Placement Facility 

Michigan Automobile Insurance Placement Facility 

Michigan Basic Property InsuranceAssociation (FAIR Plan) 

Minnesota The Minnesota State Fund Mutual 

Insurance CompanyThe Minnesota Workers’ Compensation ReinsuranceAssociation 

Minnesota Commercial Auto Insurance Procedure 

Minnesota FAIR Plan 

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State Workers’ Compensation Automobile Property 

Mississippi Mississippi Workers’

Compensation Assigned Risk Plan 

Mississippi Commercial Auto Insurance Procedure 

Mississippi WindstormUnderwriting Association (Beach Plan) Mississippi FAIR Plan 

Missouri The Travelers Insurance Company1 Missouri Joint Underwriting

Association 

Missouri Property InsurancePlacement Facility (FAIR Plan) 

Montana The Montana State Compensation 

Insurance Fund

Montana Commercial Auto Insurance Procedure 

Nebraska The Travelers Insurance Company2 Nebraska Commercial Auto 

Insurance Procedure 

Nevada NWCRP Nevada Commercial Auto

Insurance Procedure 

NewHampshire 

NWCRP New Hampshire Commercial Auto

Insurance Procedure 

New Jersey NWCRP New Jersey Commercial Auto 

Insurance Procedure 

New Jersey Insurance Underwriting Association (FAIR Plan) 

New Mexico New Mexico Workers’

Compensation Assigned Risk Pool 

New Mexico Commercial AutoInsurance Procedure 

New Mexico Property Insurance Program (FAIR Plan) 

New York The New York State Insurance 

Fund 

New York Special Risk Distribution Program/New York Public AutoProgram

New York Property Insurance Underwriting Association (FAIRPlan) 

North Carolina NWCRP North Carolina Reinsurance Facility North Carolina Insurance 

Underwriting Association (Beach Plan) North Carolina Joint Insurance Reinsurance Association (FAIR Plan) 

1 Travelers retains all losses unless the ratio of paid losses to collected premiums exceeds 100%. If that occurs the Missouri Aggregate 

Reinsurance Mechanism will spread the excess losses among all insurers writing workers’ compensation business in Missouri (See § 28

CSR 500-6.700). 

2 The only losses that would be spread to the voluntary market would be if there was a single loss in excess of $10 million.

3
State Workers’ Compensation Automobile Property 

North Dakota The North Dakota Workers’ 

Compensation Bureau

North Dakota Commercial AutoInsurance Procedure 

Ohio The Ohio Bureau of Workers’ 

Compensation 

Ohio Commercial Auto Insurance Procedure 

Ohio FAIR Plan Association Ohio Windstorm Reinsurance PoolOhio Mine Subsidence Fund 

Oklahoma The Oklahoma State Insurance 

Fund (a.k.a. CompSource Oklahoma) 

Oklahoma Commercial Auto Insurance Procedure 

Oregon NWCRP Oregon Commercial Auto

Insurance Procedure 

Oregon FAIR Plan Association 

Pennsylvania The Pennsylvania State Worker’s 

Insurance Fund

Pennsylvania Commercial AutoInsurance Procedure/Pennsylvania Pooled Commercial Assignment Procedure 

Insurance placement Facility ofPennsylvania (FAIR Plan) 

Puerto Rico The State Insurance Fund 

Corporation of Puerto Rico

Assigned Risk Plan 

Rhode Island The State Workers’ Compensation 

Insurance Fund a/k/a The Beacon Mutual Insurance Company 

Rhode Island Commercial AutoInsurance Procedure 

Rhode Island Joint Reinsurance Association (FAIR Plan) 

South Carolina NWCRP3 South Carolina Commercial Auto

Insurance Procedure 

South Carolina Wind and HailUnderwriting Association (Beach Plan) 

South Dakota NWCRP Commercial Auto Insurance 

Procedure 

Tennessee Tennessee Aggregate Excess of 

Loss Reinsurance Mechanism 

Tennessee Commercial Auto Insurance Procedure 

Tennessee Mine Subsidence Fund 

Texas The Texas Workers’ Compensation 

Insurance Fund a/k/a Texas MutualInsurance Company

Texas Automobile Insurance Plan Texas Windstorm Insurance

Association (Beach Plan) 

Utah The Workers’ Compensation Fund 

of Utah

Utah Commercial Auto Insurance Procedure 

3 Effective May 1, 2003. 

4
5

State Workers’ Compensation Automobile Property 

Vermont NWCRP Vermont Commercial Auto 

Insurance Procedure 

Virgin Island The Government Insurance Fund of 

the Virgin Islands 

Virginia NWCRP Virginia Commercial Auto 

Insurance Procedure 

Virginia Property Insurance Association (FAIR Plan) Virginia Mine Subsidence Fund 

Washington The Washington State Fund (Part of 

the Washington Department of Labor & Industries) 

Washington Commercial Auto Insurance Procedure 

Washington FAIR Plan 

West Virginia The West Virginia Workers’ 

Compensation Fund (Part of the West Virginia Workers’ Compensation Division) 

West Virginia Commercial Auto Insurance Procedure 

West Virginia Essential Property Insurance Association (FAIR Plan) West Virginia Mine Subsidence Fund 

Wisconsin The Wisconsin Compensation

Rating Bureau 

Wisconsin Special Risk Program Wisconsin Insurance Plan (FAIR 

Plan) 

Wyoming The Wyoming Division of Worker’ 

Safety & Compensation 

Wyoming Commercial Auto Insurance Procedure