Relates to the requirement for policyholders to provide 30 days notice to withdraw from the state insurance fund

This bill requires employers to provide 30 days' written notice before withdrawing from the state workers' compensation insurance fund. Employers must submit this notice to the fund at least 30 days prior to their intended withdrawal date, and the fund must file a notice of cancellation at least 10 days before the effective date. The new private insurance contract cannot take effect until the state fund cancellation is finalized, preventing gaps in coverage. This applies specifically to employers switching from the state fund to private insurers under existing rules.