Similar Coverage Independent Commercial Vehicles

Current law requires independent operators of commercial vehicles to have workers' compensation or a private insurance policy that provides similar coverage. The bill changes 'private insurance policy' to 'occupational accident coverage insurance policy' and specifies the requirements for when such a policy may be considered as providing similar coverage. The bill requires the commissioner of insurance to promulgate rules establishing the minimum coverages for benefits under an occupational accident coverage insurance policy. (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.) , Read More