Minn. R. agency 120, ch. 2780, INDIVIDUAL SELF-INSURERS, pt. 2780.1600

Current through Register Vol. 49, No. 28, January 6, 2025

Part 2780.1600 - SALE OR MERGER OF SELF-INSURER

When a self-insurer is sold to or merged with another entity, the self-insurer shall give notice to the commissioner within 30 days of the sale or merger. At that time, the new owner shall file a consolidated financial statement, and the commissioner shall have the discretion to revoke the employer's authority to self-insure if the consolidated financial statement does not meet the requirements of part 2780.1200, subparts 1 and 2. The burden shall be on the new owner to qualify pursuant to parts 2780.1100 to 2780.1800.

Statutory Authority: MS s 176.181