Current through Register Vol. 48, No. 51, June 17, 2024
Part 2780.0600 - GROUNDS FOR REVOCATION OF SELF-INSURANCE AUTHORITY The following shall constitute grounds for revocation of the authority to self-insure:
A. failure to comply with parts 2780.0100 to 2780.5000;B. failure to comply with any lawful order of the commissioner;C. failure to comply with any provision of the Workers' Compensation Act;D. a deterioration of financial condition adversely affecting the self-insurer's ability to pay expected losses, including a worsening of the current ratio, a lessening of net worth, a net loss of income, or the failure of the self-insurer to meet the net worth standards of part 2780.1200, subpart 1, or 2780.2200;E. committing an unfair or deceptive act or practice as defined in Minnesota Statutes, section 72A.20; orF. failure to abide by the plan of operation of the WCRA.Statutory Authority: MS s 176.181