Which description fits a private self-insurer that participates in the self-insurer’s security fund?

Which description fits a private self-insurer that participates in the self-insurer’s security fund?

• A. Private self-insurer
• B. Independent self-insurer
• C. Public self-insurer
• D. Member

Answer: (D)

Participation in the self-insurer’s security fund is by the employer as a member of the fund. The security fund pools resources to guarantee coverage for workers’ compensation obligations, and those who join and contribute to it are described as members. A private self-insurer is the entity that self-insures itself, while independent or public self-insurers refer to different categories; none of those describe the relationship to the fund as directly as “member.” So the description that fits is that the private self-insurer participating in the security fund is a member.

Participation in the self-insurer’s security fund is by the employer as a member of the fund. The security fund pools resources to guarantee coverage for workers’ compensation obligations, and those who join and contribute to it are described as members. A private self-insurer is the entity that self-insures itself, while independent or public self-insurers refer to different categories; none of those describe the relationship to the fund as directly as “member.” So the description that fits is that the private self-insurer participating in the security fund is a member.