Minnesota Self-Insurer'S Security Fund (MNSISF)

The organization was set up as a result of an act passed by the Minnesota legislature in regard to workers' compensation. The purpose of the Fund is to insure that any workers whose work related injury occurred when an employer was duly self-insured in the state of Minnesota, will continue to receive workers' compensation benefits in the event the self-insured employer files for bankruptcy, becomes insolvent and/or defaults on its workers' compensation obligation. Currently the Minnesota self-insurers' Security Fund is utilizing posted Security obtained from defaulting members and assessments to pay claims to or on behalf of the injured employees.if the posted Security is inadequate, members of the Minnesota self-insurers' Security Fund will be assessed so that the injured employees continue to receive appropriate benefits.