CA AB2883

Revises the definition of "employee" for workers' compensation purposes to allow officers or board members of private/quasi-public corporations who own at least 15% of issued stock to opt out by executing a written waiver under penalty of perjury.

Extends the same opt-out eligibility to general partners of partnerships and managing members of limited liability companies who execute written waivers under penalty of perjury.

Waivers become effective upon receipt and acceptance by the insurance carrier and remain in effect until the person provides written withdrawal to the carrier.

Repeals obsolete Section 6354.7 of the Labor Code and makes technical clarifications to employee exclusion provisions.

Specifies that no state reimbursement to local agencies is required because the bill only creates expanded perjury liability related to waiver statements.