RCW 51.14.060
Default by self-insurer—Authority of director—Liability for reimbursement.
(1) The director may, in cases of default upon any obligation under this title by the self-insurer, after ten days notice by certified mail to the defaulting self-insurer of the intention to do so, bring suit upon such bond or collect the interest and principal of any of the securities as they may become due or sell the securities or any of them as may be required or apply the money deposited, all in order to pay compensation and discharge the obligations of the defaulting self-insurer under this title.
(2) The director shall be authorized to fulfill the defaulting self-insured employer's obligations under this title from the defaulting self-insured employer's deposit or from other funds provided under this title for the satisfaction of claims against the defaulting self-insured employer. The defaulting self-insured employer is liable to and shall reimburse the director for the amounts necessary to fulfill the obligations of the defaulting self-insured employer that are in excess of the amounts received by the director from any bond filed, or securities or money deposited, by the defaulting self-insured employer pursuant to chapter 51.14 RCW. The amounts to be reimbursed shall include all amounts paid or payable as compensation under this title together with administrative costs, including attorneys' fees, and shall be considered taxes due the state of Washington.
(3) The department shall transfer the balance of any defaulted self-insured employer's deposit as required by RCW 51.14.020 into the insolvency trust fund when the following have occurred:
(a) All claims against the defaulted self-insured employer are closed; and
(b) The self-insured employer has been in default for ten years.
[ 2010 c 213 § 2; 1986 c 57 § 2; 1971 ex.s. c 289 § 31.]
NOTES:
Intent—1986 c 57: See note following RCW 51.14.077.
Structure Revised Code of Washington
Title 51 - Industrial Insurance
Chapter 51.14 - Self-Insurers.
51.14.010 - Duty to secure payment of compensation—Options.
51.14.030 - Certification of employer as self-insurer.
51.14.040 - Surety liability—Termination.
51.14.050 - Termination of status—Notice—Financial requirements.
51.14.060 - Default by self-insurer—Authority of director—Liability for reimbursement.
51.14.070 - Payments upon default.
51.14.077 - Self-insurers' insolvency trust—Assessments—Rules.
51.14.080 - Withdrawal of certification—Grounds.
51.14.090 - Withdrawal of certification, corrective action upon employees' petition.
51.14.095 - Corrective action—Appeal.
51.14.100 - Notice of compliance to be posted—Penalty.
51.14.120 - Copy of claim file—Notice of protest or appeal—Medical report.
51.14.130 - Request for claim resolution—Time.
51.14.140 - Violations of disclosure or request for resolution—Order by director.
51.14.160 - School districts, ESDs, or hospitals as self-insurers—Rules—Scope.
51.14.170 - Administration of claims—Third-party administrators.
51.14.300 - Ombuds office created—Appointment—Open and competitive contracting.
51.14.310 - Ombuds—Term of office—Removal—Vacancies.
51.14.320 - Ombuds—Training or experience qualifications.
51.14.330 - Ombuds office—Staffing level.
51.14.340 - Ombuds office—Powers and duties.
51.14.350 - Ombuds office—Referral procedures—Department response to referred complaints.
51.14.370 - Confidentiality of ombuds records and files—Disclosure prohibited—Exception.
51.14.380 - Explaining ombuds program—Posters and brochures.