Bill > SF3193

This bill makes several changes to workers' compensation self-insurance provisions in Minnesota. Key provisions include: - Expanding the definition of "insolvent self-insurer" to include private self-insurers whose security deposits have been called by the commissioner due to bankruptcy or insolvency. - Allowing the commissioner to call a private self-insurer's security deposit and transfer it to the self-insurers' security fund if the self-insurer files for bankruptcy or is declared insolvent, even if they have not failed to pay workers' compensation benefits. - Requiring private self-insurers to notify the commissioner when they file for bankruptcy and allowing the commissioner to call their security deposit in certain circumstances. - Revising provisions related to the self-insurers' security fund, including the commissioner's authority to liquidate a self-insurer's security deposit and transfer it to the fund. - Modifying the permanent partial disability schedule, including increasing the amounts payable for different impairment ratings. - Requiring a study on systemic or regulatory changes to improve the experience and outcomes of employees with work-related post-traumatic stress disorder. - Making various housekeeping changes, such as updating definitions and procedures.

Budget and Finance, Business and Industry, Government Affairs, Labor and Employment

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF3193&ssn=0&y=2023