This bill aims to reform the experience rating system used in workers' compensation by prohibiting the consideration of experience ratings for certain purposes, specifically in evaluating an employer's safety record. It establishes that student learner injuries will not affect an employer's experience rating, thereby protecting employers from increased premiums due to claims related to student learners. The bill also mandates the workers' compensation division to adjust base rates for employers in the construction sector to ensure that the highest experience rating does not exceed one.

Additionally, the bill introduces new definitions and amendments to existing provisions regarding experience ratings and chargeability determinations. It outlines the process for determining experience rating chargeability for injuries, including timelines for the division's decisions and the conditions under which an employer can seek a redetermination. The bill includes provisions for rulemaking and specifies that it will not impair existing contracts related to the amended provisions, with an effective date set for July 1, 2027, while certain sections will take effect immediately upon the bill's passage.

Statutes affected:
27LSO-0030 v0.7: 27-14-102, 27-14-110, 27-14-201