You do not have to notify the Manager of a change in status in which scenario?

• A. The self-insurer changes ownership
• B. The self-insurer has a change in minority shareholders
• C. The self-insurer has a material change in management
• D. The self-insurer changes address

Answer: (B)

The main idea is that regulatory notices to the Manager are about changes that could affect who controls the self-insurer or its ability to manage risk and meet requirements. Changing ownership or a material change in management can alter control or the organization’s ability to operate safely, so those changes must be reported to keep oversight accurate. A change of address is also reported to ensure communications and records stay current.

A change in minority shareholders, by contrast, does not affect control or the entity’s ability to meet its obligations under the self-insurance plan. It doesn’t alter who runs the company or its financial stability in a way the Manager needs to reassess, so it does not require notifying the Manager.