Section 7-218. TRANSITIONAL COVERAGE

 

218.1Employers who received authorization from the U.S. Department of Labor to act as self-insurers under similar provisions of prior law shall be deemed to be self-insurers under this Act without a new application for that status if the employer files with the Office on or before August 13, 1982, a sworn statement, attesting that the employer has sufficient financial resources or that the security previously deposited shall be available to satisfy claims and liabilities arising under this Act.

 

218.2Status as a self-insurer based upon prior law shall be valid only until September 30, 1982. Applications for self-insurance status under this Act shall be filed with the Office on or before August 13, 1982.

 

218.3Carriers who are authorized by both the Superintendent of Insurance for the District of Columbia, under §35-1505, D.C. Code, 1981 and the U.S. Department of Labor to insure the risk under similar provisions of prior law shall be authorized to provide coverage under the Act to employers between July 26, 1982 and July 1, 1983.