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Group Self-Insurer Application Form. This is a Michigan form and can be use in Workers Comp.
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Tags: Group Self-Insurer Application, WC-402GR, Michigan Workers Comp,
WORKERS DISABILITY COMPENSATION
GROUP SELF-INSURER APPLICATION
Michigan Department of Licensing and Regulatory Affairs
Workers Compensation Agency
Self-Insured Programs
7150 Harris Drive (48913)
PO Box 30016
Lansing, Michigan 48909
LARA is an equal opportunity employer/program. Auxiliary aids, services
and other reasonable accommodations are available upon request to
individuals with disabilities.
1.
Authority:
Completion:
Penalty:
New
Renewal
Workers Disability Compensation Act of 1969, as amended
Mandatory
Denial/Termination of Self-Insured Status
APPLICANT:
Applicant Group:
Address:
City, State, Zip Code:
2.
TRUSTEES:
Name:
3.
FEIN No.
Business Address:
ADMINISTRATOR:
Name:
Telephone:
Address:
Fax Number:
4.
CLAIMS PROGRAM:
Service Company:
Telephone:
Address:
Fax Number:
5.
SAFETY PROGRAM:
Name:
Telephone:
Address:
Fax Number:
6.
ON NEW APPLICATIONS: Attach an exhibit detailing the following by applicable code classification for the proposed year:
code classification, payroll, rate per $100, manual premium, modified premium and discount, if applicable.
7.
ON RENEWAL APPLICATIONS: Attach an exhibit detailing the following by applicable code classification for the renewal
year: code classification, payroll, rate per $100, manual premium, modified premium and discount, if applicable.
Number of Employer Members: (Attach Membership List)
Group Experience Modifier:
Excess Carrier:
Standard Premium:
Policy Number:
Discounts:
Total Estimated Premium:
Collectable Premium:
RENEWAL APPLICANTS MUST ATTACH A CURRENT LOSS SUMMARY FOR ALL GROUP YEARS, AND A
COPY OF THE CURRENT FINANCIAL REPORT.
WC-402GR (Rev. 9/11)
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8.
EXCESS INSURANCE AND BOND INFORMATION:
Specific Excess Policy Limit:
Aggregate Excess Policy Limit:
Retention:
Term:
Term:
Loss Fund % of Collectable Premium:
Fidelity Policy:
Amount:
Estimated Loss Fund:
Bond Number:
Carrier:
Surety Bond:
Amount:
Minimum Loss Fund:
Bond Number:
Carrier:
ALL EXCESS INSURANCE TERMS MUST BE CONFIRMED AND PROVIDED WITH THE APPLICATION,
INCLUDING A COPY OF THE GROUPS FIDELITY POLICY WITH PROOF THAT THE FIDELITY POLICY IS
CURRENT. THIS APPLICATION MUST BE RECEIVED BY THE AGENCY 30 DAYS PRIOR TO ITS EFFECTIVE
DATE.
9.
PROJECTED ADMINISTRATIVE EXPENSE:
Estimated Collected Premium: ______________________
In dollars
As % of premium
Excess Insurance:
Service Company Fee:
Bonds and Other Insurance:
General Administrative Expenses:
ATTACH A COPY OF THE SERVICE COMPANY AND ADMINISTRATOR CONTRACTS.
In consideration of the privilege of being a group self-insurer, we hereby agree:
a.
That we will discharge our liability for compensation to injured employees or their dependents in accordance with
the requirements of the Michigan Workers Disability Compensation Act of 1969, as amended.
b.
That we will follow the administrative rules of the agency and any additional conditions imposed by the agency as
part of our approval.
c.
That we will promptly furnish all reports to the Workers Compensation Agency which it may lawfully require under
the Michigan Workers Disability Compensation Act of 1969, as amended.
d.
That we will notify the Workers Compensation Agency promptly of any unfavorable turn in our financial condition
which might reasonably reduce our ability to carry our own risk under the Michigan Workers Disability
Compensation Act of 1969, as amended.
We affirm all information submitted as being true.
GROUP NAME:
NOTARY SIGNATURE:
COUNTY OF:
BY:
Type Name of Person Signing
TITLE:
Title of Person Signing
SIGNATURE:
WC-402GR (Rev. 9/11)
MY COMMISSION EXPIRES:
DATE:
AFFIX STAMP:
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