sec.68What is self-insurance

### sec.68 What is self-insurance Self-insurance allows an employer, under a licence under this part, to provide their own accident insurance for their workers, instead of insuring with WorkCover. A self-insurer has all the liabilities that WorkCover would have, if this part did not apply, for injuries sustained by the self-insurer’s workers arising out of events that start or happen before the issue of the licence and during the period of the licence. Certain functions and powers of WorkCover are provided to a self-insurer to enable the self-insurer to meet obligations in providing accident insurance. The way the self-insurer performs the functions and exercises the powers is regulated by the Regulator. s 68 amd 2013 No. 52 s 114 sch 2 (sec.68-ssec.1) Self-insurance allows an employer, under a licence under this part, to provide their own accident insurance for their workers, instead of insuring with WorkCover. (sec.68-ssec.2) A self-insurer has all the liabilities that WorkCover would have, if this part did not apply, for injuries sustained by the self-insurer’s workers arising out of events that start or happen before the issue of the licence and during the period of the licence. (sec.68-ssec.3) Certain functions and powers of WorkCover are provided to a self-insurer to enable the self-insurer to meet obligations in providing accident insurance. (sec.68-ssec.4) The way the self-insurer performs the functions and exercises the powers is regulated by the Regulator.