March 20-21, 2003


ITEM 118-104-R0303����������������� Self-Funded Workers� Compensation Program


THAT:�������������������������������������� The Board of Regents of Higher Education authorizes the Montana University System to proceed with the establishment of a self-funded workers� compensation program for units of the Montana University System and agencies.� The Board of Regents also adopts the attached BOR policies on Workplace Safety and Early Return to Work/Modified Duty.� The Montana University System is also provided preliminary authorization to proceed with the revenue bond financing to establish initial reserves for the self-funded program.


EXPLANATION:����������������������� The Montana University System is authorized by statute to secure workers� compensation insurance through the State Fund, private insurance, or self-insurance.� The attached documents include a mission statement for the program, a functional organization chart for the program, BOR policies relative to workplace safety and early return to work/modified duty, a financial analysis, revenue bond financing to fund initial reserves for the program, a financing schedule, by-laws, and an RFP to select administrative services for the program.� The effective date for conversion to self-insurance is anticipated to be July 1, 2003.