When a self-insured certificate has been revoked, the Director retains jurisdiction for what period of time?

• A. Five year until the next audit cycle
• B. Until it has been determined no additional claims are forthcoming
• C. Until claim liability has been exhausted pursuant to the law
• D. Until claim liability has been exhausted pursuant to the administrator's determination

Answer: (C)

When a self-insured certificate is revoked, the Director’s authority doesn’t end with the revocation. The remaining obligation is to ensure that all claim liabilities tied to that self-insured status are fully resolved. The period of continued jurisdiction lasts until those liabilities are exhausted in accordance with the statute and related regulations. This means claims have been paid or funded to the point where the law recognizes the liability as fully satisfied, rather than stopping after a set time, after a claim is deemed not likely to surface, or based on an administrator’s conclusion alone.

That’s why this option is correct: the Director retains jurisdiction until claim liability has been exhausted pursuant to the law. The other ideas—time-limited periods like a fixed number of years, waiting until no additional claims are forthcoming, or stopping once the administrator determines exhaustion—don’t align with the statutory framework, which centers on legal exhaustion of liabilities rather than administrative schedules or forecast assumptions.