| Requirements prior to January 1, 2015 | Requirements effective January 1, 2015 |
|---|---|
The person employs or retains a qualified risk manager to negotiate insurance coverage | This remains the same |
The person has paid aggregate nationwide commercial property and casualty premiums of more than $100,000 in the immediately preceding 12 months | This remains the same |
The person meets at least one of the following criteria: A) The person possesses a net worth of more than $20 million, as the amount is adjusted under (b) of this subsection* B) The person generates annual revenues of more than $50 million, as adjusted under (b) of this subsection* C) The person employs more than 500 full-time or full-time-equivalent employees per insured or is a member of an affiliated group employing more than 1,000 employees in the aggregate D) The person is a non-profit organization or public entity generating annual budgeted expenditures of at least $30 million, as the amount is adjusted under (b) of this subsection* E) The person is a municipality with a population in excess of 50,000 persons | The person meets at least one of the following criteria: A) The person's net worth is more than $22,040,000 B) The person generates annual revenues of more than $55,100,000 C) This remains the same D) The person is a non-profit organization or public entity generating annual budgeted expenditures of at least $33,060,000 E) This remains the same |
