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2019 New Hampshire Revised Statutes
Title XXIII - Labor
Chapter 281-A - Workers' Compensation
Section 281-A:5-a - Self-Insurance for Private Employers.
Universal Citation: NH Rev Stat § 281-A:5-a (2019)
281-A:5-a Self-Insurance for Private Employers. –
Any private employer as defined in RSA 281-A:2, VIII, or any group or association of homogeneous employers may, subject to RSA 281-A:5, III, and any rules adopted to enforce such section, self-insure for workers' compensation coverage provided that such employer or group or association of homogeneous employers shall:
I. Establish and maintain appropriate loss reserves determined in accordance with sound actuarial principles.
II. Maintain specific excess insurance.
III. Make all contracts with administrators or service companies available for inspection by the commissioner upon reasonable notice.
Any private employer as defined in RSA 281-A:2, VIII, or any group or association of homogeneous employers may, subject to RSA 281-A:5, III, and any rules adopted to enforce such section, self-insure for workers' compensation coverage provided that such employer or group or association of homogeneous employers shall:
I. Establish and maintain appropriate loss reserves determined in accordance with sound actuarial principles.
II. Maintain specific excess insurance.
III. Make all contracts with administrators or service companies available for inspection by the commissioner upon reasonable notice.
Source. 1992, 43:5, eff. June 8, 1992.
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