200-100-038  <<  200-100-039 >>   200-100-040

Standards for management and operations—Preparation for incorporation of nonprofit corporation members.

Joint property and liability self-insurance programs whose members are local government entities that are preparing to include nonprofit corporations as members of the program shall, as a minimum, address the following in their plan of operation:
(1) Amount of capitalization each nonprofit corporation will pay to become a member of the joint self-insurance program and criteria used to determine the capitalization amount;
(2) Self-insured retention level for nonprofit corporation members;
(3) Legal determination of federal and state tax liabilities resulting from the inclusion of nonprofit members;
(4) Procedures for reviewing the financial soundness of each nonprofit corporation being considered for membership in the self-insurance program; and
(5) Representation of nonprofit corporations on the governing board of directors but local government entities must retain control as required by RCW 48.62.121 (2)(a).
[Statutory Authority: 2011 c 43. WSR 11-23-093, recodified as § 200-100-039, filed 11/17/11, effective 11/17/11. Statutory Authority: RCW 48.62.061. WSR 10-01-072, § 82-60-039, filed 12/14/09, effective 1/14/10; WSR 05-04-072, § 82-60-039, filed 2/1/05, effective 3/4/05.]