SB 807 Summary

• Establishes new section 287.165 setting interest rates for workers' compensation purposes at the adjusted rate established by the director of revenue pursuant to section 32.065, replacing the previous 10 percent simple interest rate.

• Restricts second injury fund claims for permanent partial disability to injuries occurring before the effective date; limits new permanent total disability claims to employees with preexisting military service disabilities or compensable injuries of at least 50 weeks duration who sustain subsequent work-related injuries resulting in total disability.

• Creates the Second Injury Fund Commission composed of the governor, attorney general, senate president pro tem, and house speaker with authority to approve supplemental surcharges not exceeding 1.5 percent through December 31, 2019.

• Authorizes supplemental surcharges on workers' compensation policyholders and self-insurers for calendar years 2013-2019 to maintain fund solvency, with collections determined by the director or commission based on anticipated legal obligations and case settlements.

• Declares sections 287.165 and 287.220 emergency measures effective upon passage and approval to preserve public health, welfare, peace and safety regarding second injury fund solvency.