Provides that an employer who is a member in good standing with the Small Business Aid, Inc., and provides a substitute system of worker's compensation and worker's occupational diseases compensation as established by the Small Business Aid, Inc., is not required to seek the approval of the worker's compensation board in order to provide the substitute system of compensation in lieu of compensation and insurance provided under the worker's compensation and worker's occupational diseases compensation laws. Makes corresponding changes.

Statutes affected:
Introduced Senate Bill (S): 22-3-4-13, 22-3-7-34
Senate Bill (S): 22-3-4-13, 22-3-7-34