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 810:25-9-3 - Financial information review
Universal Citation: OK Admin Code 810:25-9-3
Current through Vol. 42, No. 1, September 16, 2024
(a) Factors used to determine an applicant's financial ability to pay compensation to its employees include:
(1) Profit and loss history;
(2) Profitability, solvency, debt and
liquidity ratios;
(3) Cash
flow;
(4) Ratio of net worth to
annual workers' compensation losses.
(5) Source and reliability of financial
information;
(6) Excess insurance
coverage;
(7) Number of
employees;
(8) Workers'
compensation loss history;
(9)
Estimated manual premium; and
(10)
Other relevant factors as determined by the Commission.
(b) An Application for Individual Own Risk Employer Permit may be denied if the employer cannot demonstrate its ability to pay its compensation obligations.
Disclaimer: These regulations may not be the most recent version. Oklahoma may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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