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paragraph F__may pay funds into the account as an | alternative to obtaining specific reinsurance.__A group | self-insurer who pays into the account shall continue to | make annualized payments into the account for at least 3 | years. |
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| C.__Only those injuries that occur on or after the date of | first payment to the account by the injured person's group | self-insurer are eligible for coverage pursuant to this | subsection. |
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| D.__Payments into the fund must be made as follows: |
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| (1)__The first year, payment by each participating | group must be in an amount equal to the average | premium payment for specific excess insurance made by | that group self-insurer for each of the 3 years | immediately preceding the first payment into the | account; |
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| (2)__The Superintendent of Insurance may require that | payments for the 2nd and 3rd years be increased by a | maximum of 10% per year over the payment made the | first year; and |
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| (3)__The superintendent may require that payments for | the 4th and 5th years be made by all groups in an | amount not to exceed each group's 3rd payment. |
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| E.__Claims may be made against the account as follows: |
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| (1)__A group self-insurer may make claims against the | account for reimbursement of losses in excess of | $500,000 arising out of one injury; and |
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| (2)__A group self-insurer who makes a claim against | the account, commencing with the next anniversary | date of that group self-insurer's participation in | the account, shall pay into the account the lesser | of: |
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| (a)__The amount claimed from the account; and |
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| (b)__One year's contribution of an amount not to | exceed rates for reinsurance from that same time | period quoted by a reinsurer acceptable to the | Superintendent of Insurance; |
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| If one year's contribution is insufficient to fully | reimburse the account for the claim amount, the group | self-insurer shall continue to make annual payments | to the account until the claim amount is repaid to | the account. |
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