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 Oklahoma Statutes (Last Updated: September 18, 2014)
 Title 85. WORKERS' COMPENSATION

  § 85-383. Deposits and transfers - Warrants.  

Latest version.

  • A.  All receipts of money, with the exception of investment income, shall be deposited in the CompSource Oklahoma fund in the State Treasury.  The CompSource Oklahoma President and Chief Executive Officer, subject to the direction of the Board of Managers, shall have the responsibility for the management of the CompSource Oklahoma fund, and may transfer monies used for investment purposes from the CompSource Oklahoma fund in the State Treasury to the custodian bank or trust company of CompSource Oklahoma.

    B.  1.  All benefits payable pursuant to the provisions of the bylaws of CompSource Oklahoma, and refunds of premiums and overpayments, shall be paid from CompSource Oklahoma upon warrants or vouchers signed by two persons designated by the CompSource Oklahoma President and Chief Executive Officer.

    2.  Every check, draft, warrant, or other instrument drawn for the payment of temporary total disability benefits by CompSource Oklahoma shall contain on its face in a contrasting color of ink the following:

    WARNING:  It is a felony to knowingly receive money under false pretenses by accepting temporary total disability benefits while working at the same or a similar job.  If you are employed or receiving wages, you should consult CompSource Oklahoma or if you are represented by an attorney you should consult your attorney BEFORE presenting this instrument to any other person for payment.

    3.  The CompSource Oklahoma President and Chief Executive Officer may transfer monies from the custodian bank or trust company of CompSource Oklahoma to the CompSource Oklahoma fund in the State Treasury for the purposes specified in this subsection.

Added by Laws 1933, c. 28, p. 61, § 1 (§ 5), eff. July 1, 1933.  Amended by Laws 1937, p. 489, § 7, emerg. eff. May 14, 1937; Laws 1983, c. 235, § 3, operative July 1, 1983; Laws 1989, c. 291, § 7, eff. July 1, 1989; Laws 1994, 2nd Ex.Sess., c. 1, § 41, emerg. eff. Nov. 4, 1994; Laws 2002, c. 50, § 12, eff. Nov. 1, 2002.  Renumbered from Title 85, § 135 by Laws 2011, c. 318, § 88.