Okla. Admin. Code § 303:1-1-3

Current through Vol. 42, No. 8, January 2, 2025

Section 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.

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