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Missouri Self Insured Trust Safety Program Initial Certification Procedures

State:
Missouri
Control #:
MO-SKU-2220
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PDF
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Self Insured Trust Safety Program Initial Certification Procedures
The Missouri Self Insured Trust Safety Program Initial Certification Procedures provide guidelines for employers to ensure they are compliant with the safety and health regulations of the Missouri Department of Labor and Industrial Relations (DOLOR). The procedures include the following types of certification: • Self-Insured Trust: Employers who are self-insured can become certified by submitting a completed application along with proof of financial responsibility and a safety plan. • Group Self-Insurance Trust: Employers who are part of a group self-insurance trust can become certified by submitting a completed application along with the trust’s safety plan and a letter of commitment from the trust’s administrator. • Voluntary Self-Insurance Trust: Employers who are part of a voluntary self-insurance trust can become certified by submitting a completed application along with the trust’s safety plan and a letter of commitment from the trust’s administrator. • Certified Self-Insurance Trust: Employers who are part of a certified self-insurance trust can become certified by submitting a completed application along with the trust’s safety plan and a certificate of approval from the DOLOR. Upon receiving the completed application and documents, the DOLOR will review the information and approve or deny certification. If approved, the employer will receive a Certificate of Compliance from the DOLOR, which must be kept on file and renewed annually. Employers must also provide proof of financial responsibility and a safety plan in order to maintain their certification.

The Missouri Self Insured Trust Safety Program Initial Certification Procedures provide guidelines for employers to ensure they are compliant with the safety and health regulations of the Missouri Department of Labor and Industrial Relations (DOLOR). The procedures include the following types of certification: • Self-Insured Trust: Employers who are self-insured can become certified by submitting a completed application along with proof of financial responsibility and a safety plan. • Group Self-Insurance Trust: Employers who are part of a group self-insurance trust can become certified by submitting a completed application along with the trust’s safety plan and a letter of commitment from the trust’s administrator. • Voluntary Self-Insurance Trust: Employers who are part of a voluntary self-insurance trust can become certified by submitting a completed application along with the trust’s safety plan and a letter of commitment from the trust’s administrator. • Certified Self-Insurance Trust: Employers who are part of a certified self-insurance trust can become certified by submitting a completed application along with the trust’s safety plan and a certificate of approval from the DOLOR. Upon receiving the completed application and documents, the DOLOR will review the information and approve or deny certification. If approved, the employer will receive a Certificate of Compliance from the DOLOR, which must be kept on file and renewed annually. Employers must also provide proof of financial responsibility and a safety plan in order to maintain their certification.

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The certification criteria for trusts generally follows the guidelines used for insurance carrier certification as outlined in 8 CSR 50-7.040. 1. Certified Audit - an audit upon which the auditor expresses his professional opinion that the accompanying statements present fairly.Self-certification must be renewed each year. Certificates of insurance (COI's) are documents containing all the pertinent details of an insurance policy in a standardized format. A private employer who is approved for a certificate of authority to selfinsure is called a certified selfinsurer (CSI). Com for surety bond form and letter of credit language. 5.6403 group self insurance coverage. A private employer who is approved for a certificate of authority to selfinsure is called a certified selfinsurer (CSI). Self-insurers must complete an updated application form sixty days prior to the expiration date of the current certificate. The proposed Second Amendment to DFS Cybersecurity Regulation, 23 NYCRR Part 500, was published in the New York State Register on November 9, 2022.

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Missouri Self Insured Trust Safety Program Initial Certification Procedures