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The Funds Administration consists of the Second Injury Fund, the Silicosis, Dust Disease and Logging Industry Compensation Fund, and the Self-Insurers' Security Fund. The Funds Administration is managed by a board of three trustees. Two of the trustees are appointed by the Governor with the advice and consent of the Senate. One represents employers authorized to act as self-insurers in Michigan, and the second represents the insurance industry. The third trustee is the Director of the Workers' Disability Compensation Agency.
All money used to operate the Funds Administration is collected from assessments against insurers who write workers' compensation policies in the State of Michigan, and employers who self-insure their workers compensation liability. These assessments cover all benefits paid by the Funds Administration, and all administrative costs.
The mission of the Funds Administration is to provide timely determination of carrier and employee rights to benefits or reimbursement and make payments due in a timely and accurate manner.
Compensation Advisory Organization of Michigan
For information about workers' compensation insurance policy classification codes and experience modification factors; and Michigan Workers' Compensation Placement Facility/Assigned Risk Pool.
Trustee Meetings Information
Self-Insurers' Security Fund Annual Reports