The American Insurance Association is asking California Gov. Jerry Brown to sign into law a bill that would exempt large employers from waiting for insurance commissioner approval of ancillary agreements that are part of high-deductible workers’ compensation policies.
Assembly Bill 1922 would still require carriers to file policy endorsements and other documents that would change coverage or benefit terms, but they would no longer have to wait on the California Department of Insurance to approve side agreements to those policies.
Katie Pettibone, AIA vice president for the Western Region, said the bill is in response to new regulations that took effect April 1.
AB 1922 would streamline workers’ comp implementation, according to Pettibone.
Gov. Brown has until Sept. 30 to sign the bill.
Related:
- Court Decision May Impact Workers’ Comp Side Agreements in California
- N.J. Scrutinizes Workers Comp TPAs’ Side Deals With Vendors
Topics California Workers' Compensation
Was this article valuable?
Here are more articles you may enjoy.
Premiums Will Skyrocket by 2035; Discounts Not Enough for Wind Mit, Studies Say 
Clash of Florida Titans Pits Powerful Tribe Against Homebuilder Lennar 
A Super Yacht Armada Came to Miami, Leaving a Marine Graveyard in Its Wake 
Travelers Builds Insurance-Specific LLM 
