Form RI SI-2 Application for Approval of Workers' Compensation Self-insurance Program - Rhode Island

What Is Form RI SI-2?

This is a legal form that was released by the Rhode Island Department of Labor and Training - a government authority operating within Rhode Island. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is the RI SI-2 application?A: The RI SI-2 application is an application form for approval of a Workers' Compensation Self-insurance Program in Rhode Island.

Q: Who needs to fill out the RI SI-2 application?A: Employers who want to establish a self-insurance program for workers' compensation in Rhode Island need to fill out the RI SI-2 application.

Q: What is a Workers' Compensation Self-insurance Program?A: A Workers' Compensation Self-insurance Program is a program in which an employer provides its own workers' compensation insurance coverage instead of purchasing it from an insurance company.

Q: Why would an employer choose to establish a self-insurance program?A: An employer may choose to establish a self-insurance program to have more control over the workers' compensation claims process and potentially reduce costs.

Q: Are there any fees associated with the RI SI-2 application?A: Yes, there is a non-refundable filing fee for the RI SI-2 application. The fee amount can be found on the application form.

Q: How long does it take for the RI SI-2 application to be processed?A: The processing time for the RI SI-2 application can vary. It is recommended to contact the Rhode Island Department of Labor and Training for more information on the processing time.

Q: What are the requirements for approval of a Workers' Compensation Self-insurance Program in Rhode Island?A: The requirements for approval of a Workers' Compensation Self-insurance Program in Rhode Island include financial and operational criteria. More information can be found on the RI SI-2 application form.

Q: Can an employer be denied approval for a Workers' Compensation Self-insurance Program in Rhode Island?A: Yes, an employer can be denied approval for a Workers' Compensation Self-insurance Program in Rhode Island if they do not meet the required criteria.

Q: Is it mandatory to establish a Workers' Compensation Self-insurance Program in Rhode Island?A: No, it is not mandatory for employers to establish a Workers' Compensation Self-insurance Program in Rhode Island. They have the option to purchase workers' compensation insurance from an insurance company instead.