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GA HB1101
Bill
Status
Passed
5/20/2010
Primary Sponsor
Michael Coan
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AI Summary
- Reduces the notification period for revocation of a self-insurance certificate from 60 days to 30 days and requires proof of receipt of the revocation notice
- Expands the definition of "insolvent self-insurer" to include employers determined by the board to be in default of workers' compensation obligations, not just those in bankruptcy or receivership
- Increases financial requirements for fund participants: first-year assessments rise from $4,000 to $8,000, minimum annual assessments from $1,000 to $2,000, maximum annual assessments from $4,000 to $8,000, and minimum surety bond amounts from $100,000 to $250,000; active participants must also purchase excess insurance at statutory limits
- Grants broad immunity from individual or joint liability to the fund's administrator, trustees, their employers, agents, and employees for conduct within the scope of their employment related to fund affairs
- Authorizes the Workers' Compensation Board to publish its decisions provided adequate measures protect party identity and privacy, and allows final orders regarding the Self-insurers Guaranty Trust Fund to be filed in superior court for entry and execution of judgment
Legislative Description
Workers' compensation; Self-insurers Guaranty Trust Fund; revise provisions
Last Action
Effective Date
7/1/2010
Committee Referrals
Insurance and Labor3/16/2010
Industrial Relations2/5/2010
Full Bill Text
No bill text available