1-42-203. Self-insurance program board; powers and duties. (a) The board shall: (i) Administer the program; (ii) Provide legal services for the defense of claims covered by this act; (iii) Procure insurance, including reinsurance, purchase loss prevention, actuarial and other professional services as required by the board; (iv) Establish assessments as necessary to operate the program on an actuarially sound basis. Assessments shall be computed to provide for: (A) Expenditures authorized under this act; and (B) Stabilization charges to develop adequate reserves. (v) Apportion and collect assessments from each participating local government; (vi) Establish deductibles or retentions as deemed necessary for the efficient operation of the program; and (vii) Adopt rules governing the administration of the program. (b) The board may deny a local government participation in or may terminate a participant from the program for a failure to pay the assessments required under this act.
Wyoming Legal Code