State of Montana General Purpose Financial Statements : Financial Audit for the Fiscal Year Ended June.. 1999

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The fund has no excess insurance, reinsurance, or annuity contracts.
(2) Subsequent Injury - This fund provides benefits to workers, certified as a person with a disability, who are injured on the job and entitled to benefits under the Workers' Compensation or Occupational Disease Act at the time of injury.
The liability of the insurer for payment of compensation benefits is limited to 104 weeks of benefits actually paid. This fund will reimburse the insurer for all benefits paid after this 104
... week time period. In Montana, there are 2,340 individuals with certified disabilities.
Workers' compensation insurance premium experience modification factors are influenced by the 2 year limitation and employers may experience an insurance premium reduction. Therefore, this fund provides employers with a potential incentive for hiring a person with a certified disability.
This fund makes no provision for insured events of the current year. All Montana insurers are annually assessed a percentage of their paid losses sufficient to cover paid losses reimbursed from the fund in the preceding calendar year and the expenses of administration, less other income.


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