2025 Regular Session HB 3319

• Bill Title: Relating to the authority of the State Accident Insurance Fund Corporation to set premium rates.

Catchline/Summary

Digest: The Act would allow for lower premiums for a type of insurance in some situations. (Flesch Readability Score: 61.8).

Permits the State Accident Insurance Fund Corporation to evaluate the risk the corporation has insured for employers during the past three years and reduce the premium the corporation charges the employer to reflect any reductions or mitigations in risk that result from an agreement between the employer and the corporation. Permits the corporation to specify in an agreement with the person that owns a new business or that assumes ownership of an existing business conditions under which the corporation will charge the person a reduced premium rate for a probationary period during which the corporation evaluates the person's adherence to the terms of the agreement.

• Fiscal Impact: May Have Fiscal Impact, But No Statement Yet Issued
• Revenue Impact: May Have Revenue Impact, But No Statement Yet Issued
• Current Location: In House Committee
• Current Committee: House Committee On Labor and Workplace Standards