Self Insurance of Workers Compensation
Utah Code Annotated section 34A-2-201 provides the options by which employers can secure workers’ compensation benefits for employees. Section 3 states that one of the options an employer has is to obtain approval from the division to self-insure, i.e. pay compensation directly as a self-insured employer per the Workers’ Compensation Act and the Utah Occupational Disease Act.
An employer must obtain approval from the Industrial Accidents Division, Labor Commission in order to become self-insured and maintain self-insured status.