Safety National Introduces Oklahoma Elect Excess Workers’ Comp Indemnity Policy
Safety National Casualty Corporation, a provider of excess workers’ compensation, treaty reinsurance and large casualty offerings, introduced Oklahoma Elect.
Oklahoma Elect is an employers’ excess indemnity policy that provides excess coverage over an occupational injury benefit plan as well as excess employers’ liability coverage to Oklahoma qualified employers who choose this alternative to traditional excess workers’ compensation coverage.
Safety National created Oklahoma Elect in response to Oklahoma’s passing of SB 1062 into law on May 6, 2013, allowing employers the choice to manage employee injuries under an on-the-job injury benefit plan platform in lieu of the state’s workers’ compensation system effective February 1, 2014.
Oklahoma Elect was filed and approved by the Oklahoma Insurance Department on March 26, 2014, and Safety National is accepting applications immediately. Full details about Oklahoma Elect can be found on Safety National’s Oklahoma Elect web page.
Source: Safety National Casualty Corporation
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