HB522 Alabama 2015 Session

Sponsors

Session

Regular Session 2015

Title

Workers' compensation insurance, corporate officer exempt from, procedures provided for, Sec. 25-5-50 am'd.

Description

<p class="bill_description"> Under existing law, a corporate officer may elect on an annual basis to be exempt from workers' compensation insurance coverage by notifying the Department of Labor and his or her insurance carrier</p><p class="bill_description"> This bill would remove the requirement that a corporate officer notify the Department of Labor when he or she elects to be exempt from workers' compensation insurance coverage</p><p class="bill_description"> This bill would provide that once exempt from workers' compensation coverage, the officer would continue to be exempt until he or she revokes the exemption in accordance with certain procedures</p><p class="bill_entitled_an_act"> Relating to workers' compensation insurance; to amend Section 25-5-50, Code of Alabama 1975; to remove the requirement that a corporate officer notify the Department of Labor when he or she elects to be exempt from workers' compensation insurance coverage; and to provide that once exempt from workers' compensation coverage, the officer would continue to be exempt until he or she revokes the exemption in accordance with certain procedures. </p>

Subjects

Workers' Compensation