WORK COMP-STATE LICENSURE

Summary

The bill adds a surcharge on insurers that provide workers' compensation coverage, calculated as a percent of their premiums and adjusted by their underwriting gains to fund the Workers' Compensation Commission. It also creates civil penalties for corporations, LLCs, or partnerships that need a state license but cannot show they have workers' comp insurance, unless they prove they were not operating. The aim is to secure funding for the commission and enforce licensing rules.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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