- (a) Any person may at any time apply to the agency for a certificate of self-insurance, whether or not there has occurred an accident as a result of which he might be affected by some other provision of this chapter.
- (b) The agency may in its discretion issue a certificate of self-insurance when satisfied that the applicant is possessed and will continue to be possessed of ability to pay judgments against him within the limits provided in this chapter.
- (c) Upon not less than ten days' notification of self-insurer the agency may for reasonable cause cancel a certificate of self-insurance and shall cancel such certificate upon failure to pay any judgment within thirty days.
HISTORY: 1978 Act No. 563 Section 7.