Uninsured Employers' Fund - Assessments and Special Monitor
What changed between versions
Added a special monitor to assess the financial condition of the Uninsured Employers' Fund, including reserve setting and third-party administrator practices.
Changed assessment suspension thresholds from $5 million/$3 million to $10 million/$8 million for the Fund balance.
Adjusted additional assessment percentage from 1% to 1.5% when Fund reserves are inadequate.
Extended joint and several liability for unpaid assessments to LLC members with general management responsibility, previously only applied to corporate officers.
Modified medical benefit assessment exclusions to apply to different payment scenarios, including third-party administrators with no reversionary interest to employees.
Set a specific end date for the special monitor's duties on or before June 30, 2026, unless extended by agreement.