The director shall promulgate rules to carry out the purposes of RCW 51.14.150:

1. (1) Governing the formation of self-insurance groups for the purposes of this chapter;
2. (2) Governing the organization and operation of the groups to assure their compliance with the requirements of this chapter;
3. (3) Requiring adequate monetary reserves, determined under accepted actuarial practices, to be maintained by each group to assure financial solvency of the group; and
4. (4) Requiring each group to carry adequate reinsurance.

[ 1983 c 174 s 3; 1982 c 191 s 8.]

Notes:

Severability—1982 c 191: See note following RCW 28A.335.210.