SB219 Summary

• Clarifies that the Public Employee Claims Division of the State Insurance Department is responsible for financing workers' compensation coverage for public employees, replacing references to the Workers' Compensation Commission.

• Authorizes the Governmental Bonding Board to seek restitution upon criminal conviction under the Self-Insured Fidelity Bond Program, designating the board and participating governmental entities as victims.

• Modifies diversification restrictions on investments in certificates of deposit and savings and loan association deposits to include policy loans.

• Repeals the experience requirement for adjuster licenses, eliminating the requirement that applicants be full-time salaried employees, law school graduates, or have relevant experience with insurance claims.

• Revises title insurance regulations to clarify which laws apply to the line and modifies grounds for disapproving premium rate forms from "misleading" to "misleading or" other specified conditions.