Wednesday, July 23, 2008
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Tracking Virginia’s General Assembly
since 2007.
HB941: Workers' compensation liability; corrects the statement of the minimum ratio of debt to equity.
Chief Patron
Del.
Harvey Morgan (R-98)
Harvey Morgan
(R-98)
Gloucester, VA
Served: 1980–
Progress
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Introduced |
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Passed Committee |
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Passed House |
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Passed Senate |
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Signed by Governor |
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Became Law |
Status
03/30/2006: signed by governor
Summary
Workers' compensation liability; self-insurance. Corrects the statement of the minimum ratio of debt to equity that an employer is required to demonstrate prior to obtaining certification as a self-insurer. The minimum ratio is currently codified as 2:2, and the 1996 Acts of Assembly stated the ratio as 2.2; this measure restates the ratio as 2.2:1. View Full Text »
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