Oklahoma Administrative Code, Title 303

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Chapter 1 Organization and Administration

Okla. Admin. Code § 303:1-1-1 Purpose

This chapter describes the organization of the Individual Self-Insured Guaranty Fund Board and states its general course and methods of operation and the methods whereby the public may obtain information or make submissions or requests.

History

• Added at 10 Ok Reg 4053, eff 7-26-93

Okla. Admin. Code § 303:1-1-2 Definitions

The Individual Self-Insured Guaranty Fund Board hereby adopts the definitions provided in 85 O.S. Section 3, except as otherwise specifically stated. In addition, the following words or terms, when used in this Chapter, shall have the following meaning, unless the context clearly indicates otherwise:

"Board" means the Individual Self-Insured Guaranty Fund Board.

"Claim" means a written request for payment from the Individual Self-Insured Guaranty Fund on a form provided by the Board.

"Claimant" means any person, partnership, association or corporation making a claim or request for payment from the Individual Self-Insured Guaranty Fund.

"Employer" is further defined and limited to those approved as an individual self-insured or individual own risk carrier by the Administrator of the Workers' Compensation Court on the date of the claiming employee's last hazardous exposure or accidental injury as determined by the Workers' Compensation Court. The term employer" specifically does not include any state entity or political subdivision of the State.

"Fund" means the Individual Self-Insured Guaranty Fund.

History

• Added at 10 Ok Reg 4053, eff 7-26-93

Okla. Admin. Code § 303:1-1-3 Composition and powers of the Board

(a) The Individual Self-Insured Guaranty Fund Board was created and exists by virtue of 85 O.S. Section 66.1. The Board shall consist of not less than three (3) nor more than nine (9) members. Each member shall be employed by an organization which has been approved by the Workers' Compensation Court as an own risk carrier or self-insured risk.

(b) The Board authorizes payment from the Individual Self-Insured Guaranty Fund in the event that an employer who was approved by the Administration of the Worker's Compensation Court as a self-insured or own risk carrier is unable to make payment of an award and judgment is rendered against such employer and execution is levied and returned unsatisfied in whole or in part.

History

• Added at 10 Ok Reg 4053, eff 7-26-93