SB228 Summary

• Removes the requirement that corporate officers notify the Department of Labor when electing to be exempt from workers' compensation insurance coverage.

• Changes corporate officer exemptions from annual elections to continuous status, requiring officers to actively revoke exemptions rather than re-elect them annually.

• Requires written certification to be filed with the employer's insurance carrier to elect or revoke exemption, with revocation becoming effective only upon written acceptance by the insurance provider.

• Permits insurance providers to require corporate officers seeking to revoke exemptions to execute an affidavit verifying no employment-related accident, exposure, or injury occurred during the exemption period.

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