In 1990, the Georgia legislature created The Georgia Self-Insurers Guaranty Trust Fund (“Fund”) as a mechanism to ensure the payment of outstanding workers' compensation liabilities of self-insured employers that filed for bankruptcy protection or were declared insolvent by the State Board of Workers' Compensation. The Fund became operative on January 1, 1991 and is governed by a Board of Trustees, whose members are employees of self-insured companies, and overseen by the State Board of Workers’ Compensation.
A complete text of the law creating the Georgia Self-Insurers Guaranty Trust Fund can be found under Article 10, Section 34, Title 9 of the Official Code of Georgia.
Following the approval of an employer’s application for self-insurance (see “Application” link above), each member is required to submit documentation on an annual basis related to its’ company and financial status. Please refer to the “Annual Requirements” link above for additional detail on these requirements.