Group Self-Insurance Workers' Compensation Fund is a self-insured pool created to finance or self-insure their workers' compensation coverages. It is owned by its members and is managed by a seven-member board of trustees who are representatives from participating counties.
Georgia law, enacted in 1982 at the request of Georgia county governments, allowed county members to pool their resources by forming a non-profit insurance fund to provide for anticipated losses and expenses.
In 1991 the Georgia legislature authorized the ACCG-GSIWCF to allow county authorities, regional development centers, libraries, and other similar government entities to join the fund.
The ACCG-GSIWCF operates under the authority of the Official Code of Georgia Annotated, et seq. 34-9-150. The Georgia Insurance Commissioner's Office regulates the fund. The ACCG-GSIWCF is sponsored and administered by the Association County Commissioners of Georgia (ACCG).
Program Features
- Risk Financing Stability
- Cost-effective
- Non-Profit Status
- Specialized Claim Administration Services
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Benefits
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The GSIWCF's Board of Trustees encourages the members to use loss control and safety measures to reduce their workers' compensation costs. The GSIWCF participates in the sponsorship and funding of Local Government Loss Control/Safety Services Inc., a joint program with the Georgia Municipal Association. LGRMS provides loss control, safety engineering services and conducts numerous training seminars for the members of the Fund as a means of reducing costs and minimizing the personal suffering caused by employee injuries.
The Program Administrator for the ACCG - GSIWCF is Marsh Inc.
