Oklahoma’s overhaul of its workers’ compensation laws became effective Aug. 26, 2011, and almost immediately a filing was made to reduce workers’ comp insurance rates in that state.
Oklahoma Insurance Commissioner John Doak says the National Council on Compensation Insurance Inc. (NCCI) filed to reduce workers’ comp rates in Oklahoma by 1.7 percent effective Jan. 1, 2012.
The commissioner says NCCI attributed the rate decrease to the passage of Oklahoma Senate Bill 878, which went into effect on Aug. 26.
Prior to its passage rates were anticipated to rise again, according to the insurance department, which will review NCCI’s request.
The Oklahoma Workers’ Compensation Court noted that various provisions of SB 878 may have different operative dates. The Oklahoma WCC has posted an overview of the changes to the state’s workers’ compensation laws on its Web site at www.owcc.state.ok.us.
Was this article valuable?
Here are more articles you may enjoy.
Tennessee Approves Smallest Drop in Workers’ Compensation Costs in Years 
Taylor Swift Sued for Trademark Infringement Over ‘Life of a Showgirl’ 
Florida Man Faked Brain Injury for Years in Attempt to Gain $6M in Insurance 
US Senate Votes to Fund Most of Homeland Security After Shutdown Disrupts Airports From This Issue
