CHANGES/TERMINATION. The Commission may, from time to time, revise the form of the agreement that it requires of private self-insurers which choose to secure the payment of their obligations under the Acts by means of a letter of credit. Whenever said form is amended, the Commission may send the Employer a revised agreement or an amendment to this Agreement reflecting the changes made to the form and require the Employer to have said revised agreement or amendment fully executed and returned to the Commission within thirty (30) days of its receipt. If the Employer fails to do so, the Commission may terminate the self-insurance privilege, or require some other form of security as means of securing the performance of the Employer’s obligations under the Acts.
Appears in 4 contracts
Sources: Self Insurer's Agreement to Post Letter of Credit, Self Insurer's Agreement, Self Insurer's Agreement to Post Letter of Credit