OKLAHOMA CITY (AP) — A legislative task force that is considering privatizing Oklahoma's workers compensation agency is preparing to make its final recommendations.
The Task Force on the Privatization of CompSource Oklahoma meets Thursday. Some of its members favor selling the agency or mutualizing it, meaning it would be owned by its members.
The Oklahoma Legislature created CompSource in 1933 as the state's workers' compensation insurer of last resort. It issues policies to high-risk employers that private insurers will not accept because the chance of paying claims is too high.
State law requires employers to have insurance to compensate injured workers. But some lawmakers believe Oklahoma should not be in the business of writing workers' compensation insurance and that a state agency like CompSource should not compete with private insurers.
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