Which statement is true about the filing deadlines for private and public self-insurers?

• A. Both have deadlines
• B. Only private has deadlines
• C. Only public has deadlines
• D. Neither has deadlines

Answer: (A)

Filing deadlines are in place to ensure self-insurers can continually demonstrate they have the financial ability to cover future claims. Both private and public self-insurers must submit their required reports by specified dates to maintain their self-insured status. Private self-insurers typically file annual financial statements and solvency-related documentation with the regulator, while public self-insurers (municipal or county programs) also face annual reporting and certification deadlines to stay authorized to self-insure. Missing a deadline can lead to suspension or loss of self-insured status, potentially requiring the entity to secure traditional coverage or post a bond. Since both groups have enforceable deadlines, the statement that both have deadlines is true.