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Oklahoma Administrative Code (Last Updated: March 11, 2021) |
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TITLE 810. Oklahoma Workers' Compensation Commission |
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Chapter 25. Workers' Compensation Insurance and Self Insurance |
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Subchapter 9. Individual Own Risk Employer Permit |
SECTION 810:25-9-3. Financial information review
Latest version.
- (a) Factors used to determine an applicant's financial ability to pay compensation to its employees include:(1) Profit and loss history;(2) Profitability, solvency, debt and liquidity ratios;(3) Cash flow;(4) Ratio of net worth to annual workers' compensation losses.(5) Source and reliability of financial information;(6) Excess insurance coverage;(7) Number of employees;(8) Workers' compensation loss history;(9) Estimated manual premium; and(10) Other relevant factors as determined by the Commission.(b) An Application for Individual Own Risk Employer Permit may be denied if the employer cannot demonstrate its ability to pay its compensation obligations.