Minnesota SLF-Nsurers Securities Fund
The Minnesota Self-Insurers Security Fund (MNSISF) is a non-profit organization established in 1988, governed by Minnesota Statutes Chapter 79A. Its primary purpose is to ensure that injured workers of self-insured members continue to receive their workers' compensation benefits in the event of a member's bankruptcy or insolvency.
All private employers in Minnesota looking to self-insure their workers' compensation liability must first obtain a Certificate of Authority from the Minnesota Department of Commerce, automatically becoming members of the MNSISF. This fund serves as a crucial safety net for employees, providing peace of mind in the face of financial uncertainties.
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