Ohio Administrative Code › Title 4123 - Bureau of Workers' Compensation › Chapter 4123-19 - General Procedures for State Insurance Fund; Self-Insuring Employers › Section 4123-19-08 - Renewal of self-insuring employers

Current through all regulations passed and filed through July 1, 2024
(A)
			 The privilege of an employer to pay compensation and benefits directly, must be
			 renewed annually. Beginning with the effective date of this rule, prior to
			 renewal of the employer's privilege of self-insurance, the bureau
			  shall re-evaluate
			 the employer's financial strength and administrative ability as described in
			 rule 4123-19-03 of the Administrative
			 Code. The bureau will consider past performance of the self-insuring employer
			 as an additional factor in determining whether to renew the privilege of
			 self-insurance. Waivers granted for good cause by the administrator
			  pursuant to
			 paragraph (H) of rule
			 4123-19-03 of the Administrative
			 Code will continue in effect indefinitely unless there is a significant change,
			 in the opinion of the bureau.
(B)
			 Self-insuring 
								employers desiring to continue paying compensation and
			 benefits directly shall secure from the
			 bureau a copy of the appropriate form of application which shall be completed
			 and returned in the manner prescribed to the
			 bureau. The employer may also be required to include a reporting of the amount
			 of payments made and the amount of reserves established for the aforementioned
			 claims as sufficient to cover future liabilities. The properly completed
			 renewal forms shall be signed by the Ohio self-insuring program administrator
			 who has been designated by the employer to the bureau or an officer of the
			 company and filed ninety days prior to the renewal date.
(C) The application forms and the employer's
			 financial statement shall be reviewed by the bureau. In order to renew its
			 status as a self-insuring employer, the employer shall establish the following
			 to the bureau's satisfaction that:
(1)
									The
			 employer has fulfilled the minimal level of performance standards that an
			 employer is required to meet before being granted permission to pay
			 compensation and benefits directly as
			 provided in paragraph 
									(L) of rule
			 4123-19-03 of the Administrative
			 Code;
(2)
									The employer has substantially resolved all outstanding
			 complaints filed with the bureau;
(3)
									The employer has
			 achieved a satisfactory rating in its most recent audit report;
			 and
(4)
									If the employer elects to secure excess loss coverage
			 which undertakes to indemnify a self-insuring employer against all or part of
			 such employer's loss as provided for in division (B) of section
			 4123.82 of the Revised Code, the
			 employer is required to comply with paragraph (P) of rule
			 4123-19-03 of the Administrative
			 Code. If the employer has previously submitted a complete copy of the excess
			 loss coverage contract, and there have been no material changes to the excess
			 loss coverage, the employer may submit the declaration page of the excess loss
			 coverage with the renewal application. The bureau may require additional
			 information concerning excess loss coverage upon review of the declaration
			 page.