Alleviate, and ultimately resolve, the burden facing employers who are members of an insolvent group self-insured trust.
What does GSIT stand for?
GSIT stands for Group Self-Insured Trust (New York)
This definition appears very rarely and is found in the following Acronym Finder categories:
- Military and Government
- Business, finance, etc.
See other definitions of GSIT
We have 1 other meaning of GSIT in our Acronym Attic
- Graduate School of International Studies
- Graphics Standard Interface Standard
- Grey Systems and Intelligent Services (IEEE International Conference)
- Gyeonggi Suwon International School (Suwon, South Korea)
- Girl Scouting in the School Day (Girl Scouts of Central Texas)
- Graduate School of Islamic and Social Studies
- Gippsland School of Information Technology (Monash University; Australia)
- Golden Screens Interactive Technologies (New York, NY)
- Government Services and International Trade (Bureau Veritas)
- Graduate School of Interpretation and Translation (Hankuk University of Foreign Studies; Seoul, South Korea)
- Georgian State Institute of Theatre and Film (Tbilisi, Georgia)
- Geological Survey of India Training Institute
- Galway School of Irish Traditional Music (Ireland)
- Gas Safety Installation and Use Regulations (UK)
- Giant Scalable Image Viewer
- Great Saltee Island Virus
- Good Shepherd Interfaith Volunteer Caregivers (Shepherdstown, WV)
- Gent Stad in Werking (Belgium)
- Gesellschaft Schweiz-Islamische Welt (German: Society in Switzerland-Islamic World)
- Girl Scouts of Indian Waters Council (Wisconsin)
Samples in periodicals archive:
Judge O'Connor's landmark decision stated: "Guided by these principles and applying the factors eschewed by the United States Supreme Court in reviewing a regulatory takings claim, the Court finds that assessing healthy group self-insured trusts for the workers' compensation obligations of defaulted, unrelated group self-insured trusts (GSIT) unconstitutionally imposes significant liability on healthy GSITs, like plaintiffs, which was not anticipated when the trusts were formed and the extent of which is substantially disproportionate to plaintiffs' past experience in New York's self-insurance system.
While much has been recently publicized about the failings and shortfalls of group self-insured trusts in the workers' compensation markets of Kentucky, Florida, and Illinois, one story has not yet been highlighted: the New York success story of a responsible approach to group self-insurance regulation.