Plain English Breakdown
Checked against official source text during the last sync.
Workers' Compensation Insurance Certificates
This act requires insurers to provide employers with a written certificate that includes specific information and a QR code for online verification.
What This Bill Does
- Requires insurance companies to give employers a written document proving they have workers' compensation insurance.
- Specifies the details that must be included in this certificate, such as employer name, number of employees, estimated payroll, and policy expiration date.
- Adds a QR code on the certificate for users to verify the employer's insurance coverage online.
- Requires the state division to provide an online tool for verifying workers' compensation insurance.
Who It Names or Affects
- Insurance companies that issue workers' compensation policies
- Employers who need workers' compensation insurance
Terms To Know
- QR code
- A type of barcode that can be scanned by a smartphone or other digital device to access information online.
Limits and Unknowns
- The bill does not specify the exact penalties for non-compliance with these requirements.
- It is unclear how this will affect small businesses without easy access to technology.