ITS UP and RUNNING!
In May 2013, Oklahoma Gov. Fallin signed into law Senate Bill 1062 which established the Oklahoma Workers’ Compensation Commission to replace the former Oklahoma Workers’ Compensation Court. Additionally, the bill also enacted the Oklahoma Employee Injury Benefit Act. Effective Feb. 1, 2014, this Act looks a little like the Texas Non-subscription program…but it is totally DIFFERENT! It is an alternative system that employers may use to satisfy state requirements to provide benefits to injured workers. In short…its like an E.R.I.S.A. PLAN that pays Workers’ Compensation Benefits.
There is much more to it than that however, so if you have an Oklahoma employer that wants to “OPT OUT”…give us a call.
FERRELL ASSOCIATES, LLC
An MGA Specializing in Non-Subscription Insurance
800-829-8622 6800 Park Ten Blvd, Suite 263S 210-732-2220
San Antonio, Texas 78213