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Senate amends workers' compensation fund law to expand market authority and set oversight study
Summary
The Senate passed House Bill 175 on March 5, 1997, adding authority for the Workers' Compensation Fund of Utah to operate competitively (including subsidiary authority) while creating an oversight task force chaired by the Insurance Commissioner to review future direction; floor amendments clarified task force funding and delayed some authorities.
The Utah Senate on March 5 approved amended House Bill 175, a measure that changes statutory authorities for the Workers' Compensation Fund of Utah and creates an oversight study process intended to guide the fund—s future operations.
Sponsor Senator Steele told the chamber the bill is intended to make the fund more competitive in a changing insurance market. "This bill asks for the authority for the commission for the workers' compensation fund of Utah to compete in a very competitive environment," Steele said on the floor, adding amendments to place the oversight task force under the…
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