Oklahoma 2022 Regular Session

Oklahoma Senate Bill SB330 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
1	1
2	2
	3	+	SB330 HFLR Page 1
	4	+	BOLD FACE denotes Committee Amendments. 1
	5	+	2
	6	+	3
	7	+	4
	8	+	5
	9	+	6
	10	+	7
	11	+	8
	12	+	9
	13	+	10
	14	+	11
	15	+	12
	16	+	13
	17	+	14
	18	+	15
	19	+	16
	20	+	17
	21	+	18
	22	+	19
	23	+	20
	24	+	21
	25	+	22
	26	+	23
	27	+	24
3	28
4		-	An Act
5		-	ENROLLED SENATE
	29	+	HOUSE OF REPRESENTATIVES - FLOOR VERSION
	30	+
	31	+	STATE OF OKLAHOMA
	32	+
	33	+	1st Session of the 58th Legislature (2021)
	34	+
	35	+	ENGROSSED SENATE
6	36		BILL NO. 330 By: Rader of the Senate
7	37
8	38		and
9	39
10	40		Pfeiffer of the House
11		-
12		-
13	41
14	42
15	43
16	44
17	45		An Act relating to the Self-insurance Guaranty Fund;
18	46		amending Section 98, Chapter 208, O.S.L. 2013, as
19	47		last amended by Section 1, Chapter 164, O.S.L. 2019
20	48		(85A O.S. Supp. 2020, Section 98), which relates to
21	49		funds to be transferred to Self -insurance Guaranty
22	50		Fund; removing certain Tax Commission notification
23	51		requirement; providing an effective date; and
24	52		declaring an emergency .
25	53
26	54
27	55
28	56
29		-	SUBJECT: Self-insurance Guaranty Fund
30		-
31	57		BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
32		-
33	58		SECTION 1. AMENDATORY Section 98, Chapter 208, O.S.L.
34	59		2013, as last amended by Section 1, Chapter 164, O.S.L. 2019 (85A
35	60		O.S. Supp. 2020, Section 98), is amended to read as follows:
36		-
37	61		Section 98. The Self -insurance Guaranty Fund shall be derived
38	62		from the following sources:
39		-
40	63		1. Any unexpended funds, including interest thereon, held by
41	64		the State Treasurer in the Work ers’ Compensation Self-insurance
42	65		Guaranty Fund transferred to the Self -insurance Guaranty Fund as
43	66		provided in Section 124 of this title;
44	67
	68	+	SB330 HFLR Page 2
	69	+	BOLD FACE denotes Committee Amendments. 1
	70	+	2
	71	+	3
	72	+	4
	73	+	5
	74	+	6
	75	+	7
	76	+	8
	77	+	9
	78	+	10
	79	+	11
	80	+	12
	81	+	13
	82	+	14
	83	+	15
	84	+	16
	85	+	17
	86	+	18
	87	+	19
	88	+	20
	89	+	21
	90	+	22
	91	+	23
	92	+	24
	93	+
45	94		2. In the event the net fund balance falls below Seven Hundred
46	95		Fifty Thousand Dollars ($750,000.00), the Workers ’ Compensation
47		-
48		-	ENR. S. B. NO. 330 Page 2
49	96		Commission shall make an assessment against each private self -
50	97		insurer and group self -insurance association based on an assessment
51	98		rate to be determined by the commissioners, not exceeding two
52	99		percent (2%) per annum of actual paid losses of the sel f-insurer
53	100		during the preceding calendar year, payable to the Tax Commission
54	101		for deposit to the fund. The assessment against private self -
55	102		insurers shall be determined using a rate equal to the proportion
56	103		that the deficiency in the fund attributable to priv ate self-
57	104		insurers bears to the actual paid losses of all private self -
58	105		insurers for the year period of January 1 through December 31
59	106		preceding the assessment. The assessment against group self -
60	107		insurance associations shall be determined using a rate equal t o the
61	108		proportion that the deficiency in excess of the surplus of the Group
62	109		Self-Insurance Association Guaranty Fund at the date of the transfer
63	110		attributable to group self -insurance associations bears to the
64	111		actual paid losses of all group self -insurance associations
65	112		cumulatively for any calendar year preceding the assessment. Each
66	113		self-insurer shall provide the Workers ’ Compensation Commission with
67	114		such information as the Commission may determine is necessary to
68	115		effectuate the purposes of this paragraph. For purposes of this
69	116		paragraph, “actual paid losses” means all medical and indemnity
	117	+
	118	+	SB330 HFLR Page 3
	119	+	BOLD FACE denotes Committee Amendments. 1
	120	+	2
	121	+	3
	122	+	4
	123	+	5
	124	+	6
	125	+	7
	126	+	8
	127	+	9
	128	+	10
	129	+	11
	130	+	12
	131	+	13
	132	+	14
	133	+	15
	134	+	16
	135	+	17
	136	+	18
	137	+	19
	138	+	20
	139	+	21
	140	+	22
	141	+	23
	142	+	24
	143	+
70	144		payments, including temporary disability, permanent disability, and
71	145		death benefits, and excluding loss adjustment expenses and reserves.
72		-
73	146		a. The assessment shall be paid wi thin thirty (30)
74	147		calendar days after the date the commissioners notify
75	148		the self-insurer of the assessment.
76		-
77	149		b. A private employer or group self -insurance association
78	150		which ceases to be a self -insurer shall remain liable
79	151		for any and all assessments of the se lf-insurer as
80	152		provided in this paragraph based on actual paid losses
81	153		for the calendar year period preceding the assessment.
82		-
83	154		c. Failure of a self-insurer to pay, or timely pay, an
84	155		assessment required by this paragraph, or to report
85	156		payment of the same to th e Commission within ten (10)
86	157		days of payment, shall be grounds for revocation by
87	158		the Commission of the self -insurer’s permit to self-
88	159		insure in this state, after notice and hearing. A
89	160		former self-insurer failing to make payments required
90	161		by this paragraph promptly and correctly, or failing
91		-
92		-	ENR. S. B. NO. 330 Page 3
93	162		to report payment of the same to the Commission within
94	163		ten (10) days of payment, shall be subject to
95	164		administrative penalties as allowed by law, including
96	165		but not limited to, a fine in the amount of Five
97	166		Hundred Dollars ($500.00) or an amount equal to one
98	167		percent (1%) of the unpaid amount, whichever is
	168	+
	169	+	SB330 HFLR Page 4
	170	+	BOLD FACE denotes Committee Amendments. 1
	171	+	2
	172	+	3
	173	+	4
	174	+	5
	175	+	6
	176	+	7
	177	+	8
	178	+	9
	179	+	10
	180	+	11
	181	+	12
	182	+	13
	183	+	14
	184	+	15
	185	+	16
	186	+	17
	187	+	18
	188	+	19
	189	+	20
	190	+	21
	191	+	22
	192	+	23
	193	+	24
	194	+
99	195		greater, to be paid and deposited to the credit of the
100	196		Workers’ Compensation Commission Revolving Fund
101	197		created in Section 28.1 of this title. It shall be
102	198		the duty of the Tax Commission to collect the
103	199		assessment provided for in this paragraph. The Tax
104	200		Commission is authorized to bring an action for
105	201		recovery of any delinquent or unpaid assessments, and
106	202		may enforce payment of the assessment by proceeding in
107	203		accordance with Section 79 of this title.
108		-
109	204		d. An impaired self-insurer shall be exempt from
110	205		assessments beginning on the date of the Commission ’s
111	206		designation until the Commission determines the self -
112	207		insurer is no longer impaired .
113		-
114	208		e. The Tax Commission shall determine the fund balance as
115	209		of March 1 and September 1 of each year, and when
116	210		otherwise requested by the Workers ’ Compensation
117	211		Commission, and shall advise the Workers ’ Compensation
118	212		Commission in writing within thirty (30) days of each
119	213		such determination;
120		-
121	214		3. Any interest accruing on monies paid into the fund; and
122		-
123	215		4. Monies transferred pursuant to Section 99 of this title.
124		-
125	216		SECTION 2. This act shall become effective July 1, 2021.
126		-
127	217		SECTION 3. It being immediately necessary for the preservati on
128	218		of the public peace, health or safety, an emergency is hereby
	219	+
	220	+	SB330 HFLR Page 5
	221	+	BOLD FACE denotes Committee Amendments. 1
	222	+	2
	223	+	3
	224	+	4
	225	+	5
	226	+	6
	227	+	7
	228	+	8
	229	+	9
	230	+	10
	231	+	11
	232	+	12
	233	+	13
	234	+	14
	235	+	15
	236	+	16
	237	+	17
	238	+	18
	239	+	19
	240	+	20
	241	+	21
	242	+	22
	243	+	23
	244	+	24
	245	+
129	246		declared to exist, by reason whereof this act shall take effect and
130	247		be in full force from and after its passage and approval.
131	248
132		-
133		-	ENR. S. B. NO. 330 Page 4
134		-	Passed the Senate the 3rd day of March, 2021.
135		-
136		-
137		-
138		-	Presiding Officer of the Senate
139		-
140		-
141		-	Passed the House of Representa tives the 21st day of April, 2021.
142		-
143		-
144		-
145		-	Presiding Officer of the House
146		-	of Representatives
147		-
148		-	OFFICE OF THE GOVERNOR
149		-	Received by the Office of the Governor this _______ _____________
150		-	day of _________________ __, 20_______, at _______ o'clock _______ M.
151		-	By: _______________________________ __
152		-	Approved by the Governor of the State of Oklahoma this _____ ____
153		-	day of _________________ __, 20_______, at _______ o'clock _______ M.
154		-
155		-	_________________________________
156		-	Governor of the State of Oklahoma
157		-
158		-
159		-	OFFICE OF THE SECRETARY OF STATE
160		-	Received by the Office of the Secretary of State this _______ ___
161		-	day of __________________, 20 _______, at _______ o'clock _______ M.
162		-	By: _______________________________ __
	249	+	COMMITTEE REPORT BY: COMMITTEE ON GOVERNMENT MODERNIZATION AND
	250	+	EFFICIENCY, dated 04/06/2021 - DO PASS.