MLchartDataset catalogue

Monopolistic state funds

Term · Insurance and risk management · MLC-T-INS-002221

State-operated workers' compensation insurance carriers that are the sole providers of coverage within their respective states. Employers in these states are legally required to purchase their workers' compensation policies directly from the state fund, as private insurers are not permitted to offer this coverage. Currently, Ohio, Washington, Wyoming, and North Dakota operate monopolistic state funds.

Table 1. Record
IdentifierMLC-T-INS-002221
FieldInsurance and risk management
SubjectWorkers Compensation
Record as JSON 
{
  "id": "MLC-T-INS-002221",
  "term": "Monopolistic state funds",
  "field": "Insurance and risk management",
  "definition": "State-operated workers' compensation insurance carriers that are the sole providers of coverage within their respective states. Employers in these states are legally required to purchase their workers' compensation policies directly from the state fund, as private insurers are not permitted to offer this coverage. Currently, Ohio, Washington, Wyoming, and North Dakota operate monopolistic state funds.",
  "subject": "Workers Compensation",
  "url": "https://mlchart.com/terminology/insurance/monopolistic-state-funds/"
}

Record 2,205 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.