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Oklahoma bill would create assigned risk comp plan

March 10, 2021

The Oklahoma Senate on Monday passed a bill that would require the state’s insurance administrator to develop and administer an assigned risk plan for workers compensation.

S.B. 524, which passed in a 43-2 vote, would require the state’s insurance commissioner to develop and administer an assigned risk plan to provide workers comp to employers unable to obtain coverage in the voluntary market that all private insurers must participate in as a condition of their ability to transact business in Oklahoma.

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