Competitive state funds

{
  "id": "MLC-T-INS-000866",
  "term": "Competitive state funds",
  "field": "Insurance and risk management",
  "definition": "Government-operated workers' compensation insurance carriers that compete with private insurers within a state. These funds provide coverage to employers, offering an alternative to the private market. They are established by state law and operate under specific regulations, often aiming to provide stable rates or coverage options for businesses that might struggle to find private insurance.",
  "url": "https://mlchart.com/terminology/insurance/competitive-state-funds/"
}