OK HB2894

Amends 21 O.S. 2001, Section 1663 to modify the penalties for workers' compensation fraud convictions.

Persons convicted of workers' compensation fraud face imprisonment for up to 7 years and/or fines up to $10,000, with prior felony convictions for the same offense resulting in additional 2-year penalty enhancements.

Convicted fraudsters become liable to employers for the difference between insurance premiums prior to the fraud and premiums charged after the fraud, for as long as the premium difference continues.

Expands the definition of workers' compensation fraud to include numerous specific acts involving false statements, concealment of information, asset removal, fund diversion, and document alteration related to insurance claims and contracts.

Effective date: November 1, 2010.