Plain English Breakdown
The official source material does not provide specific details on when the bill will be implemented.
Clarifying Direct Deposit for Workers' Comp Payments
The bill modifies the requirements and processes for receiving workers' compensation payments through direct deposit.
What This Bill Does
- Adds a requirement that both parties must agree to direct deposit with mutual consent.
- Allows claimants to authorize direct deposit by signing an electronic or paper form.
- Changes the approval process so only the claimant needs to approve direct deposits.
- Applies these rules specifically to payments from the Workers' Compensation Fund.
Who It Names or Affects
- People who receive workers’ compensation benefits
- Insurance companies and self-insured employers that pay out workers’ comp claims
Terms To Know
- Claimant
- A person who is asking for or getting money from a workers' compensation program.
- Direct deposit
- Sending money directly to someone's bank account instead of sending a check.
Limits and Unknowns
- The bill does not specify when it will be implemented.
- It only affects direct deposits for workers' compensation payments, not other types of benefits or payments.