1. (a) The department shall maintain a:

   1. (1) contract with a company to provide; or

   2. (2) memorandum of understanding:

      1. (A) with a statewide entity that represents business interests in multiple industries; and

      2. (B) that provides that the entity agrees to facilitate the procurement of;

         adequate employer liability and worker's compensation insurance coverage for an employer described in section 3 of this chapter.

2. (b) The total amount of funds that the department may expend to implement this section must be less than one hundred thousand dollars ($100,000).

   [Pre-2026 Revision Citation: 20-20-38.5-2.]

As added by P.L.74-2026, SEC.37.