What does Competitive State Funds mean? Read on to discover the definition & meaning of the term Competitive State Funds - to help you better understand the language used in insurance policies.
Competitive State Funds
State-owned and -operated facilities that compete with commercial insurers in writing workers compensation insurance specific solely to that state. The states with these funds are California, Colorado, Hawaii, Idaho, Kentucky, Louisiana, Maine, Maryland, Minnesota, Missouri, Montana, New Mexico, New York, Oklahoma, Oregon, Pennsylvania, Rhode Island, Texas, and Utah.
We hope the you have a better understanding of the meaning of Competitive State Funds.