In which instance does a self-insurer not need to notify the Manager of a change in status?

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

Answer: (C)

A self-insurer does not need to notify the Manager of a change in status when there is a change in minority shareholders. This is primarily because a change in minority shareholders does not typically affect the operational control or the financial stability of the self-insurance entity.

In contrast, ceasing business in California or changing ownership are significant events that could impact the self-insurer's obligations and responsibilities, thereby requiring notification. Similarly, a material change in management indicates a shift in decision-making authority and could affect the self-insurer's compliance with regulatory requirements, which necessitates informing the relevant authorities. Therefore, it is the change in minority shareholders that stands out as the instance where notification is not required, since these changes do not usually influence the overall governance or financial integrity of the self-insurance operation.