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533 Self-Insurers' Insolvency Trust

Account code: 533
Account title: Self-Insurers' Insolvency Trust
Administering agency: 2350 - Department of Labor and Industries
Fund type: FA - Enterprise Funds
Roll-up fund: FB - Workers' Compensation Fund
Cash type: 2 - Treasury Trust Fund
SAAM budget type:
Interest earning authority:
Authority: RCW 51.14.077
Closing GL Code:
Description: To provide for the unsecured benefits paid to injured workers of self-insured employees for insolvent or defaulting self-insured employers and for L&I associated administrative costs. Funding is by an insolvency assessment levied on a post-insolvency basis.
Sources of revenue: Taxes, Charges and Miscellaneous Revenue
Clientele: General public
Effective date: 7/1/1986
Inactive date: 11/1/2006