Which change in a self-insurer's status does not require notification to the Manager?

Which change in a self-insurer's status does not require notification to the Manager?

• A. The self-insurer changes ownership.
• B. The self-insurer changes ownership.
• C. The self-insurer has a change in minority shareholders.
• D. The self-insurer has a material change in management.

Answer: (C)

Notification to the Manager is required when events could affect who controls the self-insurer or its ability to meet obligation payments. A change in ownership can alter control and risk exposure, so it needs to be reported. A material change in management also affects governance and how the plan is run, so that must be reported as well. A change in minority shareholders, however, typically does not alter control or the core financial responsibility of the self-insurer, so it does not require notifying the Manager.

Notification to the Manager is required when events could affect who controls the self-insurer or its ability to meet obligation payments. A change in ownership can alter control and risk exposure, so it needs to be reported. A material change in management also affects governance and how the plan is run, so that must be reported as well. A change in minority shareholders, however, typically does not alter control or the core financial responsibility of the self-insurer, so it does not require notifying the Manager.