"Self-Insurance Fund" Defined

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Sec. 6. As used in this chapter, "self-insurance fund" means a fund established by a consortium to provide money sufficient to:

(1) cover self-insured risk retained by the consortium;

(2) pay premiums for stop-loss insurance coverage; and

(3) pay the administrative and other costs of the consortium.

As added by P.L.38-2006, SEC.1.


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