39-71-2603. Definitions.
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/mt/title-39/chapter-71/part-26/39-71-2603·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
39-71-2603 . Definitions. As used in this part, unless the context requires otherwise, the following definitions apply:
(1)"Board" means the board of directors of the Montana self-insurers guaranty fund.
(2)"Fund" means the Montana self-insurers guaranty fund established pursuant to 39-71-2609 .
(3)"Insolvent private self-insurer" means an employer:
(i)that is unable to pay workers' compensation claims because:
(A)it has been determined to be insolvent by a court of competent jurisdiction; or
(B)bankruptcy proceedings have been instituted by or against it; or
(ii)whose claims are not being paid on its behalf; and
(b)whose security has been exhausted pursuant to 39-71-2108 .
(4)"Member" means an employer bound by compensation plan No. 1 that participates in the Montana self-insurers guaranty fund.
(5)"Private self-insurer" means a private employer bound by compensation plan No. 1 that has secured the payment of workers' compensation claims pursuant to 39-71-2101 .