IN HB1599

Defines "rejected risk" as a risk that is in good faith entitled to worker's compensation insurance coverage as determined by the worker's compensation board and has been rejected in writing by at least three bureau member companies, or has received insurance offers only at premiums exceeding assigned risk plan rates.

Amends IC 27-7-2-28 to require all authorized insurance companies and bureau members to insure rejected risks that apply for worker's compensation insurance under the assigned risk plan.

Modifies IC 27-7-2-28.1 to clarify that the assigned risk plan provides equitable apportionment of insurance among companies for applicants unable to procure coverage through ordinary methods, specifically referencing rejected risks.

Requires assigned risk plan rates to reflect experience and include at least two rating plans, with one plan not exceeding the bureau's recommended minimum premiums and rates.

Effective July 1, 2017.