Oklahoma Administrative Code
Title 810 - Oklahoma Workers' Compensation Commission
Chapter 25 - Workers' Compensation Insurance and Self Insurance
Subchapter 9 - Individual Own Risk Employer Permit
Section 810:25-9-2 - Minimum eligibility requirements
Universal Citation: OK Admin Code 810:25-9-2
Current through Vol. 42, No. 1, September 16, 2024
(a) Unless waived as provided in Subsection (b) of this Section and except for governmental entities subject to 810:25-9-11, to be eligible for an Individual Own Risk Employer Permit, the applicant must:
(1) have been continuously engaged in
business for not less than three (3) years immediately preceding the
Application for Individual Own Risk Employer Permit;
(2) have at least one hundred (100) employees
(all states included); and
(3) have
at least One Million Dollars ($1,000,000.00) in net assets.
(b) An applicant that does not satisfy the minimum eligibility requirements of Subsection (a) of this Section, may petition the Commission for a waiver of the requirements. The Commission may waive some or all of the requirements for good cause, subject to any security deposit and/or excess insurance requirements determined by the Commission to be appropriate should the permit be approved.
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