Independent operators of commercial vehicles - occupational accident insurance policy - similar coverage. Current law requires independent operators of commercial vehicles to have workers' compensation or a private insurance policy that provides similar coverage. The act changes "private insurance policy" to "occupational accident insurance policy" and specifies the requirements for when such a policy may be considered as providing similar coverage.
The act requires the commissioner of insurance to promulgate rules establishing the minimum coverages for benefits under an occupational accident coverage insurance policy.
(Note: This summary applies to this bill as enacted.)