The Oklahoma House has approved legislation to allow state agencies to buy workers’ compensation insurance from private insurers instead of the state provider.
The House voted 54-43 for the measure and sent to the Senate for a vote. But an emergency clause for it to go into effect as soon as it is signed by the governor failed to receive the required two-thirds vote. It will now go into effect in November if it becomes law.
The measure by Rep. Dan Sullivan of Tulsa allows state agencies to purchase private workers’ compensation insurance. Currently, agencies must purchase the insurance from the state provider, CompSource Oklahoma.
The measure also extends for another year a task force that is considering whether to sell CompSource.
Topics Workers' Compensation Oklahoma
Was this article valuable?
Here are more articles you may enjoy.
AIG to Acquire Renewal Rights of Everest’s Retail Commercial Business Worth $2B
Satellite Data Reveals Hurricane Melissa Damage in Jamaica
Brown & Brown Reports Strong Q3 Revenue Growth of 35.4%
AIG Joins Private Equity Firm Onex to Acquire Re/Insurer Convex Group 

