What is the name of a state workers' compensation insurance plan that competes with private insurers?

The name of a state workers' compensation insurance plan that competes with private insurers is the Competitive State Fund. A Competitive State Fund is established by the state to provide workers' compensation insurance to employers who may not be able to secure coverage from private insurers, often at competitive rates. This system allows the state to provide an alternative option for businesses, ensuring that all employers can obtain the necessary insurance to cover workplace injuries and illnesses.

This type of fund plays a crucial role in the workers' compensation landscape by maintaining competition among insurers, which can lead to better rates and services for policyholders. By being a state-run entity, it also allows for regulatory oversight that can help ensure benefits are adequately provided to injured workers.

In contrast, the other options do not accurately describe a state-sponsored alternative to private insurers. A Competitive Federal Fund does not refer to state-level coverage, while a Public Workers' Fund is typically not a term used for competing with private insurance. Private insurance pools, while they may offer coverage, do not embody the state-operated competitive approach necessary for this particular question.