Section 39-71-2115 - Transfer of claim liabilities - rules(1) A current or former self-insurer or group may transfer existing workers' compensation claim liabilities to another entity upon authorization from the department and concurrence of the Montana self-insurers guaranty fund by: (a) submitting an application on a form designated by the department;(b) completing an agreement of assumption and guarantee of workers' compensation liabilities;(c) submitting a loss portfolio transfer agreement; and(d) posting a security deposit.(2) If the assuming entity fails to meet the terms of the transfer agreement, liability reverts to the original self-insurer.(3) The entity assuming liability for a claim shall comply with all reporting requirements set by the department.(4) The department shall adopt rules to implement this section.En. Sec. 2, Ch. 112, L. 2009.