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4 | 4 | | Req. No. 504 Page 1 1 |
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53 | 53 | | STATE OF OKLAHOMA |
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54 | 54 | | |
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55 | 55 | | 1st Session of the 58th Legislature (2021) |
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56 | 56 | | |
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57 | 57 | | SENATE BILL 983 By: Bullard |
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58 | 58 | | |
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59 | 59 | | |
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60 | 60 | | |
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61 | 61 | | |
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62 | 62 | | |
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63 | 63 | | AS INTRODUCED |
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64 | 64 | | |
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65 | 65 | | An Act relating to workers’ compensation; authorizing |
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66 | 66 | | reduction in workers’ compensation insurance premiums |
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67 | 67 | | for employer participation in certain apprenticeship |
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68 | 68 | | programs; providing qualifications and requirements |
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69 | 69 | | for reduction in premiums; requiring certain annual |
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70 | 70 | | reports; requiring certain certific ation; authorizing |
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71 | 71 | | promulgation of rules by Insurance Commissioner; |
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72 | 72 | | providing for codificati on; and providing an |
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73 | 73 | | effective date. |
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74 | 74 | | |
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75 | 75 | | |
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76 | 76 | | |
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77 | 77 | | |
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78 | 78 | | |
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79 | 79 | | BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA: |
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80 | 80 | | SECTION 1. NEW LAW A new section of law to be codified |
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81 | 81 | | in the Oklahoma Statut es as Section 42.1 of Title 85A, unless there |
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82 | 82 | | is created a duplication in numbering, reads as follows: |
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83 | 83 | | A. For each policy of workers ’ compensation insurance issued or |
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84 | 84 | | renewed in this state on or after November 1, 202 1, there may be |
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85 | 85 | | granted by the insurer a reduction in the premium for the policy not |
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86 | 86 | | to exceed five percent (5%) if the insured has been certified by the |
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87 | 87 | | State Department of Education to the Workers’ Compensation |
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88 | 88 | | Commission and Insurance Commission as a participant in the |
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89 | 89 | | |
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90 | 90 | | |
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139 | 139 | | |
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140 | 140 | | Apprenticeships, Internships and Mentorships (AIM) Act of 2016 and |
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141 | 141 | | has notified its insurer in writing of such certification. |
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142 | 142 | | B. If granted, the premium discount provided by this section |
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143 | 143 | | may be applied to an insured’s policy of workers’ compensation |
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144 | 144 | | insurance at the discretion of the insured’s insurer pro rata as of |
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145 | 145 | | the date the insured receives the certification and shall continue |
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146 | 146 | | for as long as the insured maintains the certification; provided, |
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147 | 147 | | however, that an insurer shall not be req uired to credit the actual |
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148 | 148 | | amount of the premium discount to the account of the insure d until |
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149 | 149 | | the final premium audit under the policy. Certification of an |
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150 | 150 | | insured shall be required for each year in which a premium discoun t |
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151 | 151 | | is granted. |
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152 | 152 | | C. If it is determined that an insured misrepresented its |
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153 | 153 | | qualifications for certification pursuant to Section 2 of this act, |
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154 | 154 | | the workers’ compensation insurance policy of the insured may be |
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155 | 155 | | subject to an additional premium for the purposes of reimbursement |
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156 | 156 | | of a previously granted premium discount and to cancellat ion in |
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157 | 157 | | accordance with the provisions of th e policy. |
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158 | 158 | | D. At the discretion of the insured ’s insurer if granting a |
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159 | 159 | | premium reduction, each insurer shall make an annual report , in |
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160 | 160 | | accordance with rules promulgated by the Insurance Commissioner , to |
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161 | 161 | | the Insurance Commissioner illustrating the total do llar amount of |
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162 | 162 | | the premium discounts applied pursuant to this section. |
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163 | 163 | | |
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213 | 213 | | |
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214 | 214 | | E. The Insurance Commissioner and the State Department of |
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215 | 215 | | Education shall conduct a study to deter mine the impact of the |
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216 | 216 | | premium discounts pro vided pursuant to this se ction in encouraging |
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217 | 217 | | employers to provide apprenticeships, internships and mentorships |
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218 | 218 | | for students. |
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219 | 219 | | F. The Insurance Commissioner may promulgate rules necessary |
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220 | 220 | | for the implementation and enfo rcement of this section. |
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221 | 221 | | SECTION 2. NEW LAW A new section of law to be codified |
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222 | 222 | | in the Oklahoma Statutes as Section 42. 2 of Title 85A, unless there |
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223 | 223 | | is created a duplicatio n in numbering, reads as follows: |
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224 | 224 | | A. An employer that has be en certified as a participant in the |
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225 | 225 | | Apprenticeships, Internships and Mentorships (AIM) Act of 2016 |
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226 | 226 | | pursuant to this section may be eligible for a premium discount |
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227 | 227 | | under the employer’s workers’ compensation insurance policy p ursuant |
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228 | 228 | | to Section 1 of this act if the State Department of Education |
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229 | 229 | | certifies to the Workers’ Compensation Commission and the Insurance |
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230 | 230 | | Commissioner that the employer: |
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231 | 231 | | 1. Has entered into a training ag reement with one or mo re AIM |
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232 | 232 | | students and the student’s parent or guardian in accordance with AIM |
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233 | 233 | | requirements; |
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234 | 234 | | 2. Has developed, in accordance with AIM requirements, a |
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235 | 235 | | detailed training plan for the AIM student that focuses on |
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236 | 236 | | development of technical skills and emplo yability skills; |
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237 | 237 | | |
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238 | 238 | | |
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287 | 287 | | |
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288 | 288 | | 3. Assigns a mentor to each AIM student and assists in |
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289 | 289 | | monitoring the progress of the st udent; provided, a mentor may be |
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290 | 290 | | assigned to more than one student; |
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291 | 291 | | 4. Provides workers ’ compensation insurance coverage for each |
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292 | 292 | | AIM student; |
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293 | 293 | | 5. Complies with all federal, state and local laws and |
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294 | 294 | | regulations regarding the employment of students; and |
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295 | 295 | | 6. Complies with the rules of th e State Department of Education |
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296 | 296 | | regarding AIM placement. |
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297 | 297 | | B. A self-insured employer or an employer member of a group |
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298 | 298 | | self-insurance association that provides AIM placements for one or |
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299 | 299 | | more AIM students substantially in accor dance with this section may |
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300 | 300 | | be certified by the Sta te Department of Education to Workers’ |
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301 | 301 | | Compensation Commission and the Insurance Commission as an AIM |
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302 | 302 | | employer in compliance with this act. |
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303 | 303 | | SECTION 3. This act shall become effective Novem ber 1, 2021. |
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304 | 304 | | |
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305 | 305 | | 58-1-504 TEK 1/21/2021 8:14:37 PM |
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