Okla. Stat. tit. 85A, § 85A-99
This is the official text of Okla. Stat. tit. 85A, § 85A-99, part of Oklahoma’s Stat. tit. 85A, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 85A,." Browse the sections below, each linked to its official government source.
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Impaired self-insurer
Official statutory text
A. On determination by the Workers' Compensation Commission
that a self-insurer has become an impaired self-insurer, the
Commission shall secure release of the security required by Section
38 of this title and advise the Self-insurance Guaranty Fund Board
of the impairment. Claims administration, including processing,
investigating and paying valid claims against an impaired self-
insurer under the Administrative Workers' Compensation Act, may
include payment by the surety that issued the surety bond or be
under a contract between the Commission and an insurance carrier,
appropriate state governmental entity or an approved service
organization, as approved by the Commission.
B. Excess proceeds from the security remaining after each claim
for benefits of an impaired self-insurer has been paid, settled or
lapsed, and associated costs of administration of such claim have
been paid, shall be transferred to the Self-insurance Guaranty Fund
and may be used as a credit against the assessment required to be
paid by each private self-insurer and group self-insurer association
pursuant to Section 98 of this title, as determined by the Self-
insurance Guaranty Fund Board.
that a self-insurer has become an impaired self-insurer, the
Commission shall secure release of the security required by Section
38 of this title and advise the Self-insurance Guaranty Fund Board
of the impairment. Claims administration, including processing,
investigating and paying valid claims against an impaired self-
insurer under the Administrative Workers' Compensation Act, may
include payment by the surety that issued the surety bond or be
under a contract between the Commission and an insurance carrier,
appropriate state governmental entity or an approved service
organization, as approved by the Commission.
B. Excess proceeds from the security remaining after each claim
for benefits of an impaired self-insurer has been paid, settled or
lapsed, and associated costs of administration of such claim have
been paid, shall be transferred to the Self-insurance Guaranty Fund
and may be used as a credit against the assessment required to be
paid by each private self-insurer and group self-insurer association
pursuant to Section 98 of this title, as determined by the Self-
insurance Guaranty Fund Board.
Status: in_force · Read it on the official government site
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