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Fund Reference Manual

Fund 533 - Self-Insurers' Insolvency Trust

Inactive Account 11/01/2006
Authority: RCW 51.14.077
Admin Agency: Department of Labor and Industries - 2350
Cash Type: 2 - Treasury Trust Fund
SAAM Budget Type:
Earnings from Investments are: Credited to the general fund under RCW 43.79A.040(4)(a).
Description: To provide for the unsecured benefits paid to injured workers of self-insured employees for insolvent or defaulting self-insured employers and for L&I associated administrative costs. Funding is by an insolvency assessment levied on a post-insolvency basis.
Sources of Revenue: Taxes, Charges and Miscellaneous Revenue
Clientele: General public
Effective Date: 07/01/1986
Inactive Date: 11/01/2006
Public Notes:

ACFR Information

Account Code: 533
Account Title: Self-Insurers' Insolvency Trust
Fund Type: FA - Enterprise Funds
Rollup Fund: FB - Workers' Compensation Fund
Closing GL Code: