State Senate Passes Rate Deviation Bill; LLC Coverage Awaiting Third Vote

Workers’ compensation carriers in Arizona would be allowed to use either a standard rate deviation or a tiered-rating system to price a risk, but not both, under a bill the state Senate recently passed. Meanwhile, a bill that would allow working shareholders of corporations, as well as working members of limited liability corporations who own at least 50% of the company, to opt in to workers’ compensation coverage is up for a final vote in the Senate. The Senate on Tuesday voted 29-0 to pass HB 2025, by Rep. David Livingston, R-Peoria, which is intended to clarify l...