Section R20-5-720. Administrator; Prohibitions; Disclosure of Inter- est

A.      An administrator of a pool shall not be a member of a board of trustees of a workers’ compensation pool.

B.       An administrator shall not commit any of the acts described in R20-5-719(D).

C.      An administrator shall disclose to a board any actual or per- ceived employment or financial interest that the administrator or administrator’s family has in any potential provider of ser- vices or insurance coverage to the pool. The administrator shall disclose the interest before a contract or agreement is reached with the company or business providing the service or coverage. If a pool has an existing contract or agreement in which a prospective administrator or administrator’s family has an actual or perceived employment or financial interest, the administrator shall disclose the interest before accepting a position as administrator for the pool. It is the responsibility of a board to identify for a prospective administrator current pro- viders of services and coverage to the pool.

Historical Note

Adopted effective September 9, 1998 (Supp. 98-3).