List of State Residual Insurance Market Entities
and State Workers’ Compensation Funds
On November 26, 2002, President Bush signed into law the Terrorism Risk Insurance Act
of 2002 (Public Law 107-297, 116 Stat. 2322). Section 102(6)(A)(iv) of the Act provides
that insurers required to participate in the Program include State residual market
insurance entities or State workers’ compensation funds. These entities are generally
referred to as “residual market mechanisms.”
Treasury published a final rule in the Federal Register at 68 FR 59715 (October 17, 2003)
that addressed issues associated with the participation of residual market mechanisms
under the Program. In particular, Section 50.30(c) of the final rule provides that Treasury
will release and maintain a list of state residual market mechanisms that are mandatory
participants in the Program. As Treasury indicated in its discussion of the final rule, we
will maintain and continue to update the list from time to time.
It should be noted that the list that follows is intended to provide guidance and certainty
to those entities that are required to participate in the Program. The list was developed in
consultation with the National Association of Insurance Commissioners, and it reflects
Treasury’s efforts to identify residual market mechanisms that are required to participate
in the Program. However, the list is not exclusive, and a residual market mechanism that
meets the requirements for Program participation should not assume that because it has
been excluded from the list that it is excluded from Program participation. If a residual
market mechanism has questions regarding their inclusion or exclusion from this list, or
their overall participation in the Program, they should contact the Terrorism Risk
Insurance Program, Suite 2100, Department of the Treasury, 1425 New York .Ave., NW.,
Washington, DC 20220 (202-622-6770).
List of State Residual Market Entities and State Workers’ Compensation Funds (October 17, 2003)
State Workers’ Compensation Automobile Property Liability
Alabama National Workers’ Compensation
Reinsurance Pool (NWCRP)
Alabama Commercial Auto
Insurance Procedure
Alabama Insurance Underwriting
Association (Beach Plan)
Alaska NWCRP Alaska Servicing Carrier Program
Arizona NWCRP Arizona Commercial Auto
Insurance Procedure
Arkansas NWCRP Arkansas Special Risk Program Arkansas FAIR Plan
California The California State Compensation
Insurance Fund
California Commercial Auto
Insurance Procedure
California FAIR Plan Association
Colorado Pinnacol Assurance Fund
(previously known as the Colorado
Compensation Insurance Authority
Fund)
Colorado Commercial Auto
Insurance Procedure
Connecticut NWCRP Connecticut Commercial Auto
Insurance Procedure
Connecticut FAIR Plan
Delaware NWCRP Delaware Commercial Auto
Insurance Procedure
Insurance Placement Facility of
Delaware (FAIR Plan)
District of
Columbia
NWCRP D.C. Auto Insurance Plan District of Columbia Property
Insurance Placement Facility (FAIR
Plan)
Florida Florida Workers’ Compensation
Joint Underwriting Association
Florida Automobile Joint
Underwriting Association
Citizens Property Insurance
Corporation
Georgia NWCRP Georgia Commercial Auto
Insurance Procedure
Georgia Underwriting Association
(FAIR Plan)
Hawaii Hawaii Employers’ Mutual
Insurance Company, Inc.
Hawaii Joint Underwriting Program Hawaii Property Insurance
Association
Idaho NWCRP Idaho Commercial Auto Insurance
Procedure
Illinois NWCRP Illinois Commercial Auto Insurance
Procedure
Illinois FAIR Plan Association
Illinois Mine Subsidence Fund
State Workers’ Compensation Automobile Property Liability
Indiana NWCRP Indiana Commercial Auto
Insurance Procedure
Indiana Basic Property
Underwriting Association (FAIR
Plan)
Indiana Mine Subsidence Fund
Iowa NWCRP Iowa Commercial Auto Insurance
Procedure
Iowa FAIR Plan Association
Kansas NWCRP Kansas Commercial Auto Insurance
Procedure
Kansas All-Industry Placement
Facility (FAIR Plan)
Kentucky The Kentucky Employers’ Mutual
Insurance Authority
Kentucky Commercial Auto
Insurance Procedure
Kentucky FAIR Plan and
Reinsurance Association
Kentucky Mine Subsidence Fund
Louisiana
LA Workers’ Compensation Corp Louisiana Commercial Auto
Insurance Procedure
Louisiana Insurance Underwriting
Association (Beach Plan)
Louisiana Joint Reinsurance Plan
(FAIR Plan)
Maine Maine Employers’ Mutual
Insurance Company (MEMIC)
Maine Commercial Auto Insurance
Procedure
Maryland The Injured Workers’ Insurance
Fund of Maryland
Maryland Automobile Insurance
Fund
Joint Insurance Association (FAIR
Plan)
Massachusetts Massachusetts Workers’
Compensation Assigned Risk Pool
Commonwealth Automobile
Reinsurers
Massachusetts Property Insurance
Underwriting Association (FAIR
Plan)
Michigan The Michigan Workers’
Compensation Placement Facility
Michigan Automobile Insurance
Placement Facility
Michigan Basic Property Insurance
Association (FAIR Plan)
Minnesota The Minnesota State Fund Mutual
Insurance Company
The Minnesota Workers’
Compensation Reinsurance
Association
Minnesota Commercial Auto
Insurance Procedure
Minnesota FAIR Plan Minnesota Joint Underwriting
Association
2
State Workers’ Compensation Automobile Property Liability
Mississippi Mississippi Workers’
Compensation Assigned Risk Plan
Mississippi Commercial Auto
Insurance Procedure
Mississippi Windstorm
Underwriting Association (Beach
Plan)
Mississippi FAIR Plan
Missouri The Travelers Insurance Company
1
Missouri Joint Underwriting
Association
Missouri Property Insurance
Placement Facility (FAIR Plan)
Montana The Montana State Compensation
Insurance Fund
Montana Commercial Auto
Insurance Procedure
Nebraska The Travelers Insurance Company
2
Nebraska Commercial Auto
Insurance Procedure
Nevada NWCRP Nevada Commercial Auto
Insurance Procedure
New
Hampshire
NWCRP New Hampshire Commercial Auto
Insurance Procedure
New Jersey NWCRP New Jersey Commercial Auto
Insurance Procedure
New Jersey Insurance Underwriting
Association (FAIR Plan)
New Mexico New Mexico Workers’
Compensation Assigned Risk Pool
New Mexico Commercial Auto
Insurance Procedure
New Mexico Property Insurance
Program (FAIR Plan)
New York The New York State Insurance
Fund
New York Special Risk Distribution
Program/New York Public Auto
Program
New York Property Insurance
Underwriting Association (FAIR
Plan)
North Carolina
NWCRP North Carolina Reinsurance Facility North Carolina Insurance
Underwriting Association (Beach
Plan)
North Carolina Joint Insurance
Reinsurance Association (FAIR
Plan)
1
Travelers retains all losses unless the ratio of paid losses to collected premiums exceeds 100%. If that occurs the Missouri Aggregate Excess of Loss
Reinsurance Mechanism will spread the excess losses among all insurers writing workers’ compensation business in Missouri (See § 287.896 and Regulation 20
CSR 500-6.700).
2
The only losses that would be spread to the voluntary market would be if there was a single loss in excess of $10 million.
3
State Workers’ Compensation Automobile Property Liability
North Dakota The North Dakota Workers’
Compensation Bureau
North Dakota Commercial Auto
Insurance Procedure
Ohio The Ohio Bureau of Workers’
Compensation
Ohio Commercial Auto Insurance
Procedure
Ohio FAIR Plan Association
Ohio Windstorm Reinsurance Pool
Ohio Mine Subsidence Fund
Oklahoma The Oklahoma State Insurance
Fund (a.k.a. CompSource
Oklahoma)
Oklahoma Commercial Auto
Insurance Procedure
Oregon NWCRP Oregon Commercial Auto
Insurance Procedure
Oregon FAIR Plan Association
Pennsylvania The Pennsylvania State Worker’s
Insurance Fund
Pennsylvania Commercial Auto
Insurance Procedure/
Pennsylvania Pooled Commercial
Assignment Procedure
Insurance placement Facility of
Pennsylvania (FAIR Plan)
Puerto Rico The State Insurance Fund
Corporation of Puerto Rico
Assigned Risk Plan
Rhode Island The State Workers’ Compensation
Insurance Fund a/k/a The Beacon
Mutual Insurance Company
Rhode Island Commercial Auto
Insurance Procedure
Rhode Island Joint Reinsurance
Association (FAIR Plan)
South Carolina NWCRP
3
South Carolina Commercial Auto
Insurance Procedure
South Carolina Wind and Hail
Underwriting Association (Beach
Plan)
South Dakota NWCRP Commercial Auto Insurance
Procedure
Tennessee Tennessee Aggregate Excess of
Loss Reinsurance Mechanism
Tennessee Commercial Auto
Insurance Procedure
Tennessee Mine Subsidence Fund
Texas The Texas Workers’ Compensation
Insurance Fund a/k/a Texas Mutual
Insurance Company
Texas Automobile Insurance Plan Texas Windstorm Insurance
Association (Beach Plan)
Utah The Workers’ Compensation Fund
of Utah
Utah Commercial Auto Insurance
Procedure
3
Effective May 1, 2003.
4
5
State Workers’ Compensation Automobile Property Liability
Vermont NWCRP Vermont Commercial Auto
Insurance Procedure
Virgin Island The Government Insurance Fund of
the Virgin Islands
Virginia NWCRP Virginia Commercial Auto
Insurance Procedure
Virginia Property Insurance
Association (FAIR Plan)
Virginia Mine Subsidence Fund
Washington The Washington State Fund (Part of
the Washington Department of
Labor & Industries)
Washington Commercial Auto
Insurance Procedure
Washington FAIR Plan
West Virginia The West Virginia Workers’
Compensation Fund (Part of the
West Virginia Workers’
Compensation Division)
West Virginia Commercial Auto
Insurance Procedure
West Virginia Essential Property
Insurance Association (FAIR Plan)
West Virginia Mine Subsidence
Fund
Wisconsin The Wisconsin Compensation
Rating Bureau
Wisconsin Special Risk Program Wisconsin Insurance Plan (FAIR
Plan)
Wyoming The Wyoming Division of Worker’
Safety & Compensation
Wyoming Commercial Auto
Insurance Procedure
