Montana Code 39-71-2603. Definitions
39-71-2603. Definitions. As used in this part, unless the context requires otherwise, the following definitions apply:
Terms Used In Montana Code 39-71-2603
- Board: means the board of directors of the Montana self-insurers guaranty fund. See Montana Code 39-71-2603
- Fund: means the Montana self-insurers guaranty fund established pursuant to 39-71-2609. See Montana Code 39-71-2603
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
(1)”Board” means the board of directors of the Montana self-insurers guaranty fund.
(2)”Fund” means the Montana self-insurers guaranty fund established pursuant to 39-71-2609.
(3)”Insolvent private self-insurer” means an employer:
(a)(i) that is unable to pay workers’ compensation claims because:
(A)it has been determined to be insolvent by a court of competent jurisdiction; or
(B)bankruptcy proceedings have been instituted by or against it; or
(ii)whose claims are not being paid on its behalf; and
(b)whose security has been exhausted pursuant to 39-71-2108.
(4)”Member” means an employer bound by compensation plan No. 1 that participates in the Montana self-insurers guaranty fund.
(5)”Private self-insurer” means a private employer bound by compensation plan No. 1 that has secured the payment of workers’ compensation claims pursuant to 39-71-2101.