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Mississippi State Agencies Reinsured
Workers Compensation Trust Special Board Meeting
March 27, 2023,
The Mississippi State Agencies Reinsured Workers Compensation Trust Board convened
Monday, March
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Any state agency in Mississippi that wants to self-insure their employees for workers' compensation benefits.
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What is mississippi state agencies self-insured?
Mississippi state agencies self-insured refers to a system where state agencies manage their own risk and insurance needs rather than purchasing insurance from external providers.
Who is required to file mississippi state agencies self-insured?
All state agencies that opt for self-insurance as a means of managing risk are required to file the necessary documentation.
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To fill out the Mississippi state agencies self-insured forms, agencies should provide the required information regarding their risk management policies and submit it to the appropriate state authority.
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The purpose of Mississippi state agencies self-insured is to allow agencies to control their insurance costs, tailor their coverage to specific needs, and retain more of their own risk.
What information must be reported on mississippi state agencies self-insured?
Agencies must report details such as the type and amount of risk being self-insured, loss history, and their financial capacity to cover potential claims.
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