Worker's compensation.

Provides that a contract, bid specification, or agreement that is entered into, issued, amended, or renewed after June 30, 2023, may not contain a provision requiring an employer to have or maintain a specified experience rating. Requires the worker's compensation rating bureau of Indiana to nominate a president and submit the nominee for approval or denial to the commissioner of the department of insurance. Requires certain insurance companies that make a successful subrogation claim to revise an insured party's prior experience ratings in a specified manner. Provides exceptions. Defines terms and makes a conforming amendment.