In a jurisdiction served by a monopolistic state fund, an employer needing workers compensation coverage:
Explanation
A monopolistic fund is the sole source of statutory coverage in its jurisdiction, so private carriers may not write that coverage there and the employer has no choice of insurer. Employers liability is generally not part of what such a fund sells, which is why a stop-gap endorsement is added to another policy to fill the gap. The employer is not excused from the benefit obligation and does not simply pay claims out of payroll.
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