AN ACT RELATIVE TO SELF-INSURED WORKERS' COMPENSATION GROUPS.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
SECTION 1. Paragraph (c) of subsection (1) of section 25G of chapter 152 of the General Laws, as appearing in the 1998 Official Edition, is hereby amended by adding the following sentence:- The requirements of this paragraph shall not apply to a self-insurance group which is composed of more than 1,000 members and has been in existence for at least five years as of December 31, 1999 and at all times remains in compliance with the minimum net worth requirements of paragraph (a) of subsection (2).
SECTION 2. Subsection (3) of section 25O of said chapter 152, as so appearing, is hereby amended by adding the following sentence:- Any self-insured group which is composed of more than 1,000 members and has been in existence for a period of five consecutive years as of December 31, 1999 and which remains in compliance with the requirements of subsection (2) of section 25G shall not be required to have its members experience rated pursuant to the uniform experience rating plan filed with and approved by the commissioner, unless its by-laws or similar rules require otherwise.