(a) Unless waived as provided in Subsection (b) of this Section and except for governmental entities subject to 810:25-9-11, to be eligible for an Individual Own Risk Employer Permit, the applicant must:
- (1) have been continuously engaged in business for not less than three (3) years immediately preceding the Application for Individual Own Risk Employer Permit;
- (2) have at least one hundred (100) employees (all states included); and
- (3) have at least One Million Dollars ($1,000,000.00) in net assets.
- (b) An applicant that does not satisfy the minimum eligibility requirements of Subsection (a) of this Section, may petition the Commission for a waiver of the requirements. The Commission may waive some or all of the requirements for good cause, subject to any security deposit and/or excess insurance requirements determined by the Commission to be appropriate should the permit be approved.
Added at 31 Ok Reg 497, eff 2-4-14 (emergency)
Added at 32 Ok Reg 1493, eff 8-27-15