39-71-2603. Definitions. - Montana Statutes

     39-71-2603. Definitions. As used in this part, unless the context requires otherwise, the following definitions apply:
     (1) "Board" means the board of directors of the Montana self-insurers guaranty fund.
     (2) "Fund" means the Montana self-insurers guaranty fund established pursuant to 39-71-2609.
     (3) "Insolvent private self-insurer" means an employer:
     (a) (i) that is unable to pay workers' compensation claims because:
     (A) it has been determined to be insolvent by a court of competent jurisdiction; or
     (B) bankruptcy proceedings have been instituted by or against it; or
     (ii) whose claims are not being paid on its behalf; and
     (b) whose security has been exhausted pursuant to 39-71-2108.
     (4) "Member" means an employer bound by compensation plan No. 1 that participates in the Montana self-insurers guaranty fund.
     (5) "Private self-insurer" means a private employer bound by compensation plan No. 1 that has secured the payment of workers' compensation claims pursuant to 39-71-2101.

     History: En. Sec. 3, Ch. 244, L. 1989.