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               BILL REQUEST - CODE REVISER'S OFFICE

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BILL REQ. #:        S-4229.1/02

ATTY/TYPIST:        KB:rmh

BRIEF DESCRIPTION:

6772 AMS RASM S4229.1

SB 6772 - S AMD

By Senator Rasmussen

    Strike everything after the enacting clause and insert the following:

    "Sec. 1.  RCW 51.18.010 and 1999 c 7 s 2 are each amended to read as follows:

    (1) The department shall offer a retrospective rating plan to insure the workers' compensation obligations of employers and groups of employers.  The plan is to be made available to any employer or group of employers who:

    (a) Voluntarily elects to participate in the plan; and

    (b) Meets the requirements of this chapter and rules adopted by the department under subsection (2) of this section.

    (2) The retrospective rating plan shall be consistent with recognized insurance principles and shall be administered according to rules adopted by the department.  Rules adopted under this section shall encourage broad participation by qualified employers and sponsors of retrospective rating groups.

    (3) Each retrospective rating group approved by the department under this chapter shall select a coverage period ((and)) that may be renewed at the end of each coverage period.  For the purposes of this section, "coverage period" means a twelve-month period provided by the department by rule.

(4) A retrospective rating group may charge a sufficient amount to cover safety, education, claims management, loss prevention, and other reasonable program costs and, in addition, may retain up to twenty percent of any refund earned by the group, for purposes specified by a contract between the group and its members."

SB 6772 - S AMD

By Senator Rasmussen

    On page 1, line 2 of the title, after "program;" strike the remainder of the title and insert "and amending RCW 51.18.010."

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