Utah May Allow State Fund to Openly Compete

The WorkComp Executive reports that Utah's Workers Compensation Fund may soon be writing business competitively in other states. Utah's governor is in receipt of HB 59, a bill introduced by House Majority Leader Kevin S. Garn, purporting to accomplish the transition from a carrier of last resort to a competitive firm. The bill, sent to the governor on 2/9/01 after a very short pendancy in the legislature, makes a small amendment to Utah Insurance Code section 31A-33-103.5 by allowing a Fund subsidiary to offer coverage to an employer ...