Board Rule 387. Rights and Obligations of Board of Trustees to Obtain Reimbursement from Participant

Posted on June 21, 2008 by Seth Bader

(a)  The Board of trustees shall have the right and obligation to obtain reimbursement from any participant for compensation obligations in the amount of the participant's compensation obligations assumed by the Board of trustees and paid for claims as well as reasonable administrative and legal costs.  The amount of the claims for reimbursement of reasonable administrative and legal costs shall be approved by the Board of trustees.

(b)  The Board of trustees shall have the right to use the security deposit of a participant, its excess insurance carrier, and from any other guarantor to pay the participant's workers' compensation obligations assumed by the Board of trustees including attorneys' fees and legal costs.

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