Monopolistic state fund
A workers' compensation system in which the state fund is the exclusive insurance source for most employers, apart from approved self-insurance where allowed.
In a monopolistic or exclusive-fund jurisdiction, private carriers generally do not sell the standard state workers' compensation policy. Employers obtain required coverage through the state system unless they qualify for an authorized self-insurance alternative.
The Indiana Compensation Rating Bureau describes North Dakota, Ohio, Washington, and Wyoming as monopolistic-state-fund jurisdictions and notes the self-insurance alternative. State-specific rules still control owner exclusions, interstate coverage, and employers' liability arrangements.
Where this definition comes from
Glossary entries are anchored to a state agency, statute, board, commission, or recognized workers' compensation authority rather than a generalized summary.
More terms
- Additional insured
- Agricultural/farm labor exclusion
- Assigned risk pool / residual market
- Casual employment
- CE-200 (New York)
- Certificate holder
- Certificate of election
- Certificate of insurance (COI)
- Civil penalty (uninsured employer)
- Class code
- Competitive state fund
- Construction vs non-construction classification