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| Fiscal Policies / Workers Compensation Risk Management Fund Replenishment Policy In the event that accumulated expenses (claims, premiums, claims administration, or other costs) or losses were to result in a significant shortfall or depletion of a given fund's equity in the Workers Compensation Risk Management Fund, reimbursement to the fund would be made on the following basis: 1. Assuming a shortfall of less than $50,000, the reimbursement will be immediate. 2. Assuming a shortfall between $50,000 and $250,000, then the reimbursement will be at a minimum rate of $50,000 per year over no more than five years. 3. If the shortfall exceeds $250,000, the reimbursement should be financed to reimburse the Workers Compensation Risk Management Fund immediately. The repayment term on the financing will not exceed fifteen years. |
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