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MAINE STATUTES AND CODES
5 §1733. Capitalization of self-insurance fund
Title 5: ADMINISTRATIVE PROCEDURES AND SERVICES
Part 4: FINANCE
Chapter 152: INSURANCE ON STATE-OWNED PROPERTY HEADING: PL 1965, C. 514, §2 (NEW)
§1733. Capitalization of self-insurance fund
The self-insurance fund is capitalized by legislative appropriations, payments from state departments and agencies, investment income accruing to the self-insurance fund and by such other means as the Legislature approves. [1993, c. 470, §5 (AMD).]
Payments to the self-insurance fund from its participants must be calculated on a pro rata basis as determined by the director and based on the prior claims experience of the departments or agencies. [1993, c. 470, §5 (AMD).]
SECTION HISTORY
1971, c. 239, §2 (NEW). 1983, c. 349, §15 (AMD). 1989, c. 857, §22 (AMD). 1993, c. 470, §5 (AMD).