Connecticut General Statutes as amended to January 1, 2019
Sec. 38a-1001. Definitions. As used in subsection (e) of section 31-288 and sections 31-289b, 31-316, 31-345 and 38a-1000 to 38a-1023, inclusive:
(1) â€śAdministratorâ€ť means an individual, partnership or corporation engaged by a workersâ€™ compensation self-insurance groupâ€™s board of trustees to carry out the policies established by the groupâ€™s board of trustees and to provide day-to-day management of the group.
(2) â€śCommissionerâ€ť means the Insurance Commissioner.
(3) â€śInsolventâ€ť or â€śinsolvencyâ€ť means the inability of a workersâ€™ compensation self-insurance group to pay its outstanding lawful obligations as they mature in the regular course of business, as may be shown either by an excess of its required reserves and other liabilities over its assets or by its not having sufficient assets to reinsure all of its outstanding liabilities after paying all accrued claims owed by it.
(4) â€śNet premiumâ€ť means premium derived from standard premium adjusted by any advance premium discounts.
(5) â€śService companyâ€ť means a person or entity which provides services not provided by the administrator, including but not limited to: (A) Claims adjustment; (B) safety engineering; (C) compilation of statistics and the preparation of premium, loss and tax reports; (D) preparation of other required self-insurance reports; (E) development of membersâ€™ assessments and fees; and (F) administration of a claim fund.
(6) â€śStandard premiumâ€ť means the premium derived from the manual rates adjusted by experience modification factors but before advance premium discounts.
(7) â€śWorkersâ€™ compensationâ€ť, when used as a modifier of â€śbenefitsâ€ť, â€śliabilitiesâ€ť or â€śobligationsâ€ť, includes both workersâ€™ compensation and employersâ€™ liability.
(8) â€śWorkersâ€™ compensation self-insurance groupâ€ť or â€śgroupâ€ť means a not-for-profit association consisting of fifteen or more employers who are engaged in the same or similar type of business, who are members of the same bona fide trade or professional association which has been in existence for not less than five years, and who enter into agreements to pool their liabilities for workersâ€™ compensation benefits and employersâ€™ liability.
(P.A. 96-267, S. 2.)