Oklahoma Statutes
Title 85A. Administrative Workers' Compensation System
§85A-98. Funds to be transferred to Self-insurance Guaranty Fund.

The Self-insurance Guaranty Fund shall be derived from the following sources:

1. Any unexpended funds, including interest thereon, held by the State Treasurer in the Workers' Compensation Self-insurance Guaranty Fund transferred to the Self-insurance Guaranty Fund as provided in Section 124 of this title;
2. In the event the net fund balance falls below Seven Hundred Fifty Thousand Dollars ($750,000.00), the Workers' Compensation Commission shall make an assessment against each private self-insurer and group self-insurance association based on an assessment rate to be determined by the commissioners, not exceeding two percent (2%) per annum of actual paid losses of the self-insurer during the preceding calendar year, payable to the Tax Commission for deposit to the fund. The assessment against private self-insurers shall be determined using a rate equal to the proportion that the deficiency in the fund attributable to private self-insurers bears to the actual paid losses of all private self-insurers for the year period of January 1 through December 31 preceding the assessment. The assessment against group self-insurance associations shall be determined using a rate equal to the proportion that the deficiency in excess of the surplus of the Group Self-Insurance Association Guaranty Fund at the date of the transfer attributable to group self-insurance associations bears to the actual paid losses of all group self-insurance associations cumulatively for any calendar year preceding the assessment. Each self-insurer shall provide the Workers' Compensation Commission with such information as the Commission may determine is necessary to effectuate the purposes of this paragraph. For purposes of this paragraph, "actual paid losses" means all medical and indemnity payments, including temporary disability, permanent disability, and death benefits, and excluding loss adjustment expenses and reserves.
3. Any interest accruing on monies paid into the fund; and
4. Monies transferred pursuant to Section 99 of this title.
Added by Laws 2013, c. 208, § 98, eff. Feb. 1, 2014. Amended by Laws 2014, c. 169, § 4, emerg. eff. April 25, 2014; Laws 2018, c. 182, § 2, eff. Nov. 1, 2018; Laws 2019, c. 164, § 1, eff. Nov. 1, 2019; Laws 2021, c. 278, § 1, eff. July 1, 2021.

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