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Senate Bill 471 |
Senate Author: Brimer |
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Effective: 9-1-07 |
House Sponsor: Eiland |
Senate Bill 471 amends the Insurance Code to require the commissioner of workers' compensation to establish by rule the information that must be reported on workers' compensation claims and the reporting requirements for insurance companies relating to those claims, and removes provisions specifying such information and requirements. The bill authorizes the commissioner to reduce or eliminate reporting requirements for insurance companies whose workers' compensation insurance business falls below a specific minimum premium volume established by the commissioner.