HB 2431 - DIGEST

     Declares that the purpose of this act is to:  (1) Provide all employers in this state with a choice of insurance carriers from whom industrial insurance may be purchased;

     (2) provide employers and their employees the benefits of a competitive industrial insurance system;

     (3) provide workers the benefits of safety systems developed by private enterprise, as well as those provided by government;

     (4) provide private industry in this state the opportunity to engage in industrial insurance business, with government regulation;

     (5) eliminate a government monopoly with respect to choices for small employers; and

     (6) increase the operating skills of this state's government-run industrial insurance program by introducing competition into the business of workers' compensation insurance.