Abstract
Employers can fulfill their obligations to provide for workers’ compensation coverage by purchasing insurance from a private insurance carrier, or from an insurance fund run by the state or by self-insuring. Eighteen states have state funds. Twelve of these compete with privace insurance carriers for business and are usually referred to as competitive state funds. The other states have exclusive state funds, and private insurance carriers are not permitted to sell workers compensation insurance in those states.
We wish to thank Eric Eide for competent research help and the College of Family, Home and Social Studies for research support. Useful comments were received from David Appel, Neil Doherty, and Alan Krueger on an earlier draft. Some data help from the NCCI is also greatly appreciated. The opinions expressed here are, however, our own.
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References
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© 1993 Kluwer Academic Publishers
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Butler, R.J., Worrall, J.D. (1993). Self Insurance in Workers’ Compensation. In: Durbin, D., Borba, P.S. (eds) Workers’ Compensation Insurance: Claim Costs, Prices, and Regulation. Huebner International Series on Risk, Insurance and Economic Security, vol 16. Springer, Dordrecht. https://doi.org/10.1007/978-0-585-32530-9_6
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DOI: https://doi.org/10.1007/978-0-585-32530-9_6
Publisher Name: Springer, Dordrecht
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