"Parent company support" means a written agreement filed with the department on behalf of a subsidiary for the purpose of guarantying payment of workers' compensation benefits in a specified amount in the event the self-insured subsidiary defaults.

Source. #2264, eff 1-6-83; ss by #2935, eff 12-27-84, EXPIRED: 12-27-90 New. #5235, eff 9-27-91, EXPIRED: 9-27-97 New. #6631, INTERIM, eff 11-16-97, EXPIRED: 3-16-98 New. #6806, eff 7-18-98; ss by #8682, INTERIM, eff 7-15-06, EXPIRED: 1-11-07 New. #9019, eff 11-1-07; ss by #11066, eff 4-1-16 (from Lab 402.10)