79A.19 COMMERCIAL SELF-INSURANCE GROUPS; DEFINITIONS.
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79A.19 COMMERCIAL SELF-INSURANCE GROUPS; DEFINITIONS.
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Subdivision 1. Scope.
For the purposes of sections 79A.19 to 79A.32 , the terms defined in this section have the meanings given them. If there is any inconsistency between this section and section 79A.01 , the provisions of this section shall govern.
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Subd. 2. Accountant.
"Accountant" means a certified public accountant who is not an employee of any member of the commercial self-insurance group and is not affiliated with any individual or organization providing services other than accounting services to the group.
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Subd. 3. Actuary.
"Actuary" means an individual who has attained the status of associate or fellow of the Casualty Actuarial Society who is not an employee of any member of the commercial self-insurance group and is not affiliated with any individual or organization providing services other than actuarial services to the group.
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Subd. 4. Common claims fund.
"Common claims fund" means the cash, cash equivalents, or investment accounts maintained by the commercial self-insurance group to pay its workers' compensation liabilities.
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Subd. 5. Member.
"Member" means an employer that participates in a commercial self-insurance group.
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Subd. 6. Commercial self-insurance group.
"Commercial self-insurance group" means a group of employers that are self-insured for workers' compensation under chapter 176 and elects to operate under sections 79A.19 to 79A.32 rather than sections 79A.01 to 79A.18 .
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Subd. 7. Commercial self-insurance group security fund.
"Commercial self-insurance group security fund" means the commercial self-insurance group security fund established pursuant to this chapter.
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Subd. 8. Trustees.
"Trustees" means the board of trustees of the commercial self-insurance group security fund.