Frequently Asked Questions

Q: Will there be an assessment this year? If so, on what date?

A: Currently, the Minnesota Self-Insurers' Security Fund assesses its members on an as needed basis. However, recently the Minnesota Self-Insurers' Security Fund has assessed members in July. The last two assessments have been 2% of the previous calendar year's indemnity workers' compensation payments. See Assessment History.

Q: What is the status of the Fund's investigation into an alternative collateral program or risk pooling study?

A: The Board of Trustees, pursuant to the Plan of Operation, has contracted with Actuarial Advisors, Inc. to perform a study of the structure of self-insurance in the State of Minnesota. The study may review a proposal to alter the requirements of self-insurance by having an annual assessment to fund future liabilities and a concomitant reduction in the amount of posted security required from individual members and groups. The study will include an estimate of the amount of funding needed for SISF's operations and claims.