Product Update

Competitive and Monopolistic State Funds Discussions Updated in IRMI Workers Comp


This release of IRMI Workers Comp contains revised material pertaining to monopolistic state funds and competitive funds.

Nineteen states provide employers with the option of purchasing workers compensation insurance from a competitive state fund. The completely updated discussion provides details about how to contact the various funds, the types of policy forms used, the availability of increased employers liability limits, and what other types of policy enhancements are obtainable, like coverage for other states and federal laws.

North Dakota, Ohio, Washington, and Wyoming require that workers compensation insurance be purchased through a state-operated insurance fund. These are commonly referred to as monopolistic funds. Each state fund profile provides contact information as well as an in-depth discussion of each of the following topics.

  • Covered and Exempted Employments
  • All States Incidental and Temporary Coverage
  • Application to Out-of-State Employers and Employees
  • Coverage Provided
  • Agent Involvement
  • How To Obtain Coverage
  • Premium Determination
  • Premium Payment Options
  • Premium Deposits
  • Safety Programs
  • Loss Control Services
  • Claims Procedure
  • Contesting a Claim

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