SB 735 - Schatz, Dave
Modifies provisions relating to workers' compensation premiums
Bill Details
Sponsor
LR Number
4670S.01I
Title
SB 735
House Handler
N/A
Journal Page
N/A
Effective Date
August 28, 2018
Committee
Current Status
SCS Voted Do Pass S Small Business and Industry Committee (4670S.02C)
Quick Links
Amendments
No amendments available
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.
SCOTT SVAGERA