Loading chat...
IN SB0300
Bill
Status
Introduced
1/11/2010
Primary Sponsor
Brandt Hershman
Click for details
AI Summary
-
Amends IC 27-7-2-40 to establish requirements for worker's compensation insurers holding employer reserve funds.
-
Prohibits insurers from holding reserve funds for longer than 10 years after the agreement with the employer terminates.
-
Requires insurers to pay annual interest to employers on reserve funds based on the average balance and the average money market rate for that year.
-
Effective July 1, 2010.
Legislative Description
Worker's compensation reserves.
Last Action
First reading: referred to Committee on Insurance and Financial Institutions
1/11/2010
Full Bill Text
No bill text available