Senate Bill 0363
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DIGEST OF INTRODUCED BILL
Worker's compensation assigned risk plan and rating bureau. Requires the commissioner of the Indiana department of insurance to annually examine the worker's compensation rating bureau of Indiana and the assigned risk plan. Requires the bureau and the assigned risk plan to file financial statements annually with the commissioner. Prohibits requiring domestic worker's compensation insurers from paying for losses caused by nonresidents of Indiana. Prohibits requiring a rejected risk from participating in an assigned risk plan or arrangement comprised of insureds that are not Indiana residents. Requires the bureau to deposit funds in financial institutions pending payment to a company carrying a rejected risk.
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| ||In Committee - first House|