This definition appears very rarely
and is found in the following Acronym Finder categories:
- Military and Government
- Business, finance, etc.
See other meanings of GSIT
We have 1 other definition for GSIT
in our Acronym Attic
Samples in periodicals archive:
Alleviate, and ultimately resolve, the burden facing employers who are members of an insolvent group self-insured trust.
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.