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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 discriminatory.
The bill is supported by the Oklahoma independent insurance agents’ association, Big I Oklahoma.
In a media release Big I Oklahoma President and CEO Denise Johnson, said “separating the residual market and establishing it as a stand-alone entity, regulated by the Oklahoma Department of Insurance, allows for a level and fully competitive workers’ compensation ....

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Oklahoma Workers' Comp Commission Seeks Comments on Medical Fee Schedule

Oklahoma Workers’ Comp Commission Seeks Comments on Medical Fee Schedule
April 14, 2021
The Oklahoma Workers’ Compensation Commission is now accepting comments on the 2020 Medical Fee Schedule.
In 2020, the WCC, guided by its external consultant, FAIR Health, conducted an evaluation and update to the Medical Fee Schedule pursuant to 85A O.S. § 50(H)(14).
According to this statute, the Commission is tasked with reviewing and submitting a proposed updated Fee Schedule to the Legislature every two years.
The Workers’ Compensation Commission and FAIR Health are seeking written comments on potential revisions of the current Medical Fee Schedule and ground rules, last amended in May 2020, for their reference as they begin the review and drafting process of the proposed 2022 Medical Fee Schedule. ....

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