SB304 Summary

• Removes the requirement for employers to file workers' compensation coverage exemptions with the Department of Labor; filing with the employer's insurance carrier is now sufficient.

• Extends workers' compensation exemption eligibility to members of limited liability companies, allowing them to elect annual exemption from coverage by filing written certification with the department and insurance carrier.

• Clarifies that members of limited liability companies must still be counted as employees when determining the employer's total number of employees for coverage threshold purposes.

• Effective date is the first day of the third month following passage and approval by the Governor.