Source: https://nebraskalegislature.gov/laws/statutes.php?statute=48-145
Timestamp: 2019-08-18 17:19:03
Document Index: 247909513

Matched Legal Cases: ['§ 46', '§ 3687', '§ 21', '§ 3069', '§ 48', '§ 31', '§ 48', '§ 48', '§ 1', '§ 1', '§ 8', '§ 67', '§ 1', '§ 4', '§ 9', '§ 8', '§ 8', '§ 10', '§ 16', '§ 4']

Nebraska Revised Statute 48-145
View Statute 48-144.04
View Statute48-145.01
48-145.
An employer seeking approval to self-insure shall make application to the compensation court in the form and manner as the compensation court may prescribe, meet such minimum standards as the compensation court shall adopt and promulgate by rule and regulation, and furnish to the compensation court satisfactory proof of financial ability to pay direct the compensation in the amount and manner when due as provided for in the Nebraska Workers' Compensation Act. Approval is valid for the period prescribed by the compensation court unless earlier revoked pursuant to this subdivision or subsection (1) of section 48-146.02. Notwithstanding subdivision (1)(d) of this section, a professional employer organization shall not be eligible to self-insure its workers' compensation liability. The compensation court may by rule and regulation require the deposit of an acceptable security, indemnity, trust, or bond to secure the payment of compensation liabilities as they are incurred. The agreement or document creating a trust for use under this section shall contain a provision that the trust may only be terminated upon the consent and approval of the compensation court. Any beneficial interest in the trust principal shall be only for the benefit of the past or present employees of the self-insurer and any persons to whom the self-insurer has agreed to pay benefits under subdivision (11) of section 48-115 and section 48-115.02. Any limitation on the termination of a trust and all other restrictions on the ownership or transfer of beneficial interest in the trust assets contained in such agreement or document creating the trust shall be enforceable, except that any limitation or restriction shall be enforceable only if authorized and approved by the compensation court and specifically delineated in the agreement or document. The trustee of any trust created to satisfy the requirements of this section may invest the trust assets in the same manner authorized under subdivisions (1)(a) through (i) of section 30-3209 for corporate trustees holding retirement or pension funds for the benefit of employees or former employees of cities, villages, school districts, or governmental or political subdivisions, except that the trustee shall not invest trust assets into stocks, bonds, or other obligations of the trustor. If, as a result of such investments, the value of the trust assets is reduced below the acceptable trust amount required by the compensation court, then the trustor shall deposit additional trust assets to account for the shortfall.
Laws 1913, c. 198, § 46, p. 599;
R.S.1913, § 3687;
Laws 1917, c. 85, § 21, p. 215;
C.S.1922, § 3069;
C.S.1929, § 48-146;
Laws 1935, c. 57, § 31, p. 202;
C.S.Supp.,1941, § 48-146;
R.S.1943, § 48-145;
Laws 1957, c. 205, § 1, p. 723;
Laws 1963, c. 286, § 1, p. 860;
Laws 1971, LB 572, § 8;
Laws 1986, LB 811, § 67;
Laws 1988, LB 1146, § 1;
Laws 1997, LB 474, § 4;
Laws 1999, LB 216, § 9;
Laws 2000, LB 1221, § 8;
Laws 2005, LB 13, § 8;
Laws 2005, LB 238, § 10;
Laws 2010, LB579, § 16;
Laws 2015, LB480, § 4.