Senators debate SB92 to convert Workers' Compensation Fund into a mutual insurer and set RFP requirements
Senator Bramble introduced SB92 to transition the Workers' Compensation Fund toward a mutual insurer owned by policyholders, require an insurer-of-last-resort RFP, and establish high selection criteria; senators questioned insurer-of-last-resort duration and market implications.
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Senator Bramble presented Senate Bill 92 on the floor, describing it as the final step in a longer process to move the Workers' Compensation Fund (WCF) away from state control toward a mutual insurance company owned by its policyholders.
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