More Flexible Captives another Option to Control Comp Costs

By John P. Kamin, ReporterThe well-known "Oklahoma option," which will allow employers to opt out of the state workers' compensation system next year by purchasing alternative benefit plans, wasn't the only rewrite of state laws that allows employers to take more control of workers' compensation costs.Another bill signed into law this year will allow captive insurers to write workers' compensation coverage in Oklahoma after Nov. 1, according to the manager of the Oklahoma Captive Insurance Association. Gov. Mary Fallin signed into law House Bill 1108 on April 15. The bill, whic...