Oklahoma Bill Would Create Workers' Comp Assigned Risk Plan
Oklahoma Bill Would Create Workers’ Comp Assigned Risk Plan April 21, 2021 A bill working its way through the Oklahoma Legislature would allow for the creation of an assigned risk plan providing workers’ compensation insurance. Senate Bill 524 would also repeal the CompSource Mutual Insurance Company Act; CompSource Mutual is currently the state’s workers’ comp market of last resort. The insurance commissioner would be directed to develop the plan and would determine the rates to be charged, which can’t be excessive, inadequate or unfairly discrim...
Source: insurancejournal.com