Bill > SB445

This bill allows the State Accident Insurance Fund Corporation (SAIF) to form or acquire subsidiaries to provide managed care services to injured workers. The bill expands SAIF's existing capabilities by permitting it to create subsidiary corporations that can perform various functions related to workers' compensation. Key provisions include establishing a five-member board of directors for these subsidiaries, with members appointed by the Governor and confirmed by the Senate, and requiring an annual audit of the managed care services by the Department of Consumer and Business Services. The bill also specifies that employees processing claims cannot provide managed care services, ensuring a separation between claims processing and care management. Additionally, the subsidiary's board will be responsible for setting operational policies and must file an annual report on its activities. The new provisions aim to increase SAIF's flexibility in serving injured workers while maintaining oversight and preventing potential conflicts of interest. The bill will take effect 91 days after the adjournment of the 2025 regular legislative session.

Business and Industry

https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/SB445