SLS 10RS-33 ORIGINAL Page 1 of 2 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. Regular Session, 2010 SENATE BILL NO. 107 BY SENATOR RISER WORKERS' COMPENSATION. Provides with respect to those included in the workers' compensation system. (8/15/10) AN ACT1 To amend and reenact R.S. 23:1035(A) relative to persons covered by workers'2 compensation, to provide with respect to corporate officers, members of a limited3 liability company, and sole proprietors to elect not to be covered by workers'4 compensation; and to provide for related matters.5 Be it enacted by the Legislature of Louisiana:6 Section 1. R.S. 23:1035(A) is hereby amended and reenacted to read as follows: 7 ยง1035. Employees covered8 A. The provisions of this Chapter shall also apply to every person9 performing services arising out of and incidental to his employment in the course of10 his own trade, business, or occupation, or in the course of his employer's trade,11 business, or occupation, except that the bona fide president, vice president, secretary,12 or treasurer of a corporation who owns not less than ten percent of the stock therein,13 or a partner with respect to a partnership employing him, or a member of a limited14 liability company as defined in R.S. 12:1301(A)(13) who owns not less than a ten15 percent membership interest therein, or a sole proprietor with respect to such sole16 proprietorship may by written agreement with his insurer or self-insured group17 SB NO. 107 SLS 10RS-33 ORIGINAL Page 2 of 2 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. elect not to be covered by the provisions of this Chapter. Such election shall not be1 limited, but shall apply to all trades, businesses, or occupations conducted by said2 corporation, partnership, limited liability company, or sole proprietorship. Such an3 election shall be binding upon the employing corporation, partnership, limited4 liability company, and sole proprietor and the surviving spouse, relatives, personal5 representative, heirs, or dependents of the officer, partner, member, or sole proprietor6 so electing. No salary or compensation received by any such bona fide corporate7 officer, partner, member, or sole proprietor so electing shall be used in computing8 the premium rate for workers' compensation insurance.9 * * *10 The original instrument and the following digest, which constitutes no part of the legislative instrument, were prepared by Mary Dozier O'Brien. DIGEST Present law provides that corporate officers, members of limited liability companies, and sole proprietors may agree not to be covered by workers' compensation. Proposed law retains present law but specifies that the agreement shall be between the officer, member, or sole proprietor and his insurer or self-insured group. (Amends R.S. 23:1035(A))