Sec. 376.1. Amount of securities, cash or bond

(a) The amount of securities, cash or the penal sum of the surety bond which a self-insurer is required to deposit, pursuant to section 361.3 of this Title, shall be determined by the chair. The number of employees involved, the covered payroll of employees eligible for benefits, the exposure, the financial standing of the applicant, and other factors which the chair may deem proper shall be given effect in fixing the amount.

(b) If employees contribute toward the cost of providing disability benefits only, under section 204 of the Workers’ Compensation Law, the minimum amount of deposit, subject to the deposit credit authorized under section 361.8 of this Title, may be computed under Table I of this section, on the basis of the estimated number of employees to be covered under the self-insurance program during the ensuing 12 months or the number who would have been covered during the preceding 12 months, whichever is the greater.

(c) In the chair's discretion, a deposit in excess of the minimum under section 361.3 of this Title, or this section, may be required.

TABLE I

Number of	Minimum
employees	deposit
Less than 8	$10.000
8-19	11,000
20-40	12,000
41-62	13,000
63-84	14,000
85-107	15,000
108-130	16,000
131-153	17,000
154-176	18,000
177-199	19,000
200-221	20,000
222-244	21,000
245-267	22,000
268-290	23,000
291-313	24,000
314-341	25,000
342-373	26,000
374-405	27,000
406-437	28,000
438-469	29,000
470-505	30,000
506-545	$31,000
546-585	32,000
586-625	33,000
626-671	34,000
672-724	35,000
725-778	36,000
779-831	37,000
832-885	38,000
866-938	39,000
939-1018	40,000
1019-1125	41,000
1126-1231	42,000
1232-1338	43,000
1339-1444	44,000
1445-1551	45,000
1552-1764	46,000
1765-2084	47,000
2085-2484	48,000
2485-2964	49,000
2965 and over	50,000