A legislative task force has begun a study on how best to privatize CompSource Oklahoma, the agency that provides workers’ compensation insurance in the state.
Members of a nine-member task force convened Aug 6. The task force was authorized in a bill approved by the Legislature earlier this year.
The statute says lawmakers intend to privatize CompSource no later than Dec. 31, 2010. The task force was created through the end of 2011.
CompSource is a quasi-state agency created by the Legislature in 1933 and formerly known as the State Insurance Fund.
It provides workers’ compensation insurance for state, county and municipal employees, as well as many private employers across the state. The agency does not receive a state appropriation.
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