Laserfiche WebLink
<br />(d) The Pool shall file quarterly reports with the Commissioner, in the event the <br />integrity. <br />9.2.2 Annual Status Report. <br />Board of Trustees shall file with the Commissioner a statement describing any changes <br />that have occurred in the information filed with its initial application for authority to self- <br />insure or its most recent status report. <br />9.3 Joint and Several Liability. <br />9.3.1 Pool Liabilitiesand Expenses. Pursuant to Minnesota Rules, Part 2785.1400, subpart 1(A): <br />(a) Each current Participating Member shall be jointly and severally liable for all Pool <br />liabilities and expenses; and <br />(b) Each past Member shall continue to be jointly a <br />liabilities and expenses for three (3) complete Fund Years after leaving the Pool. <br />Each past Member shall <br />liabilities and expenses for a period of three (3) complete Fund Years after leaving <br />the Pool. After the period of continuing liability, past Members are no longer <br />pool liability is applicable. <br />9.3.2 Runoff Pool Liabilities and Expenses. All current Members participating in the Pool at the <br />time self-insurance authority ends continue to be jointly and severally liable <br />liabilities and expenses until the Pool is dissolved. All past Members that are jointly and <br />severally expenses at the time its self-insurance <br />authority ends continue to be jointly and severally liable until the Pool is dissolved. <br />9.4 Assessment. The Board of Trustees may levy an assessment against current and past Participating <br />Members under the following circumstances: <br />9.4.1 Assessment to Correct a Deficit <br />Board shall restore a positive Surplus within ninety (90) days by assessing all jointly and <br />severally liable current and past Participating Members according to the following <br />formula: <br />All jointly and severally liable Participating Members and past Participating <br />Members may be assessed proportionately to their share of the total premiums <br />paid and owed during the assessment base period. The assessment base period <br />-insurance authority ending, shall remain the basis of <br />assessments under this item until final Pool dissolution. The assessment base <br />period includes all completed quarters of the current fund year and includes the <br />most recent three complete fund years. <br />9.4.2 Assessment to Increase Surplus. The Board of Trustees may also forestall a deficit or to <br /> by assessing all jointly and severally liable <br />Page 16 of 24 <br /> <br /> <br />