§ 85A-208. Workers' Compensation Commission determinations.

A.  1.  The Workers' Compensation Commission, on or before December 31 of each year, shall determine the surplus, if any, in the Oklahoma Option Insured Guaranty Fund, together with the additional amounts necessary to properly administer this act for the ensuing year.

2.  The Commission shall determine the rate of assessment for collections for that year on or before March 1 of the following year.

B.  1.  The Commission shall notify each insurance carrier of the rate of assessment applicable to the Oklahoma Option Insured Guaranty Fund for the preceding year, and fees shall be computed and paid under the provisions of subsection B of Section 113 of this act on or before April 1 of the following year.

2.  The Commission shall notify each self-insured employer subject to the fee of the rate of assessment applicable to the Oklahoma Option Self-insured Fund for the preceding year, and fees shall be computed by the Commission and paid to the Oklahoma Option Self-insured Guaranty Fund by the self-insurer through payments made directly to the Workers' Compensation Commission on or before April 1 of the following year.

C.  The Commission shall have the authority to promulgate rules for administration of the assessment and fee collection process, including, but not limited to, rules applicable to the funds established in Section 112 of this act.

Added by Laws 2013, c. 208, § 115, eff. Feb. 1, 2014.