SECTION 810:25-9-13. Notification of changed status

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An individual own risk employer must notify the Commission in advance of any change in its financial condition, such as a bankruptcy filing, potential bankruptcy, or negative net income for a fiscal year, or any change in ownership during the interim period between applications. Failure to notify the Commission in a timely manner may result in revocation of the own risk permit. If there is a change in majority ownership of an individual own risk employer, the own risk privilege granted to the employer shall be at the discretion of the Commission and the new entity shall be required to qualify under this Subchapter.

[Source: Added at 31 Ok Reg 497, eff 2-4-14 (emergency); Added at 32 Ok Reg 1493, eff 8-27-15; Amended at 34 Ok Reg 2221, eff 9-11-17]

                    
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