OK SB1247

Transfers administration of the Volunteer Firefighter Group Insurance Pool from CompSource Mutual Insurance Company to an insurance company selected by the Office of Management and Enterprise Services through competitive bidding

State provides $55.00 per firefighter per year for workers' compensation coverage, with total annual state payment capped at $320,338.00

Office of Management and Enterprise Services assumes responsibility for collecting premiums from state agencies and public trusts, and must submit annual reports to the Governor, House Speaker, and Senate President Pro Tempore

Rate changes for the Pool require approval from the Office of Management and Enterprise Services (previously CompSource's Board of Directors), with 60 days advance notice to state leadership

Effective date of November 1, 2016