Oklahoma Administrative Code (Last Updated: March 11, 2021) |
TITLE 810. Oklahoma Workers' Compensation Commission |
Chapter 25. Workers' Compensation Insurance and Self Insurance |
Subchapter 11. Group Self-Insurance Association Permit |
SECTION 810:25-11-16. Administrator
Latest version.
- The members' supervisory board must designate an administrator to administer the financial affairs of the association, who shall furnish a fidelity bond with the association as obligee, in an amount sufficient to protect the association against the misappropriation or misuse of any monies or securities. The amount of the bond shall be determined by the Commission and evidence of such shall be filed with the Commission.