After becoming self insured, how will a group admit or terminate individual members?
(a) Prospective members must submit an application to the group’s board of trustees or its administrator. Approved applications must be filed with the department. Membership will take effect the first day of the calendar quarter after sending the application to the department. (b) A group may terminate individual members according to its bylaws, or members may choose to terminate membership. Termination will be effective at the end of the month after it was reported to the department. (8) Who is on a group self insurer’s board of trustees? Members of the group elect the board of trustees. Trustees serve stated terms of office and direct the administration of the trust fund. (9) What are the responsibilities of a group self insurer’s board of trustees? (a) A group self insurer’s board of trustees is responsible for all operations of the group’s trust fund and is expected to ensure the fund’s financial stability. The board’s duties include: (i) Approving new members’ applications. (ii) D
