SB 735 Modifies provisions relating to workers' compensation premiums
Sponsor: Schatz
LR Number: 4670S.01I Fiscal Notes
Committee: Small Business and Industry
Last Action: 1/30/2018 - SCS Voted Do Pass S Small Business and Industry Committee (4670S.02C) Journal Page:
Title: Calendar Position:
Effective Date: August 28, 2018

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Current Bill Summary

SCS/SB 735 - This act stipulates that no workers' compensation insurance policy shall be approved by the Department of Insurance, Financial Institutions, and Professional Registration if, when determining the premium to be paid by an employer, the insurer includes as part of the employer's payroll the following:

• Monetary bonuses, paid by such employer to an employee, of up to three percent of the employee's yearly compensation from such employer; or

• Contributions made by the employer to an employee's individual retirement account.