A. The Workers’ Compensation Commission Revolving Fund established by Section 28.1 of this title shall be used for the costs of administering the Administrative Workers’ Compensation Act and for other purposes as authorized by law. B. For the purpose of providing funds for the Workers’ Compensation Commission Revolving Fund, for the Workers’ Compensation Court of Existing Claims Administrative Fund (CECAF) created in Section 401.1 of this title, for the Multiple Injury Trust Fund created in Section 28 of this title, and to fund other provisions within this title, the following tax rates shall apply: 1. Each mutual or interinsurance association, stock company, CompSource Mutual Insurance Company or other insurance carrier writing workers’ compensation insurance in this state shall pay to the Oklahoma Tax Commission an assessment at a rate of one percent (1%) of all gross direct premiums written during each quarter of the calendar year for workers’ compensation insurance on risks located in this state after deducting from such gross direct premiums, return premiums, unabsorbed portions of any deposit premiums, policy dividends, safety refunds, savings and other similar returns paid or credited to policyholders. Such payments to the Oklahoma Tax Commission shall be made not later than the fifteenth day of the month following the close of each quarter of the calendar year in which such gross direct premium is collected or collectible. Contributions made by insurance carriers and CompSource Mutual Insurance Company, under the provisions of this section, shall be considered for the purpose of computing workers’ compensation rates; and 2. When an employer is authorized to become a self-insurer, the Workers’ Compensation Commission shall notify the Oklahoma Tax Commission and give the effective date of such authorization. The Oklahoma Tax Commission shall then assess and collect from the employers carrying their own risk an assessment at the rate of two percent (2%) of the total compensation for permanent total disability awards, permanent partial disability awards and death benefits paid out during each quarter of the calendar year by the employers. Such assessment shall be payable by the employers and collected by the Oklahoma Tax Commission according to the provisions of this section regarding payment and collection of the assessment created in paragraph 1 of this subsection. C. It shall be the duty of the Oklahoma Tax Commission to collect the payments provided for in this title. The Oklahoma Tax Commission is hereby authorized to bring an action for the recovery of any delinquent or unpaid payments required in this section. The Oklahoma Tax Commission may also enforce payments by proceeding in accordance with the provisions of Section 98 of this title. D. The Oklahoma Tax Commission shall pay monthly to the State Treasurer to the credit of the Multiple Injury Trust Fund all monies collected under the provisions of this section, less the annual amounts which shall be apportioned by the Oklahoma Tax Commission, first to the Workers’ Compensation Commission Revolving Fund, as follows; provided, however, if the fund in any one month is insufficient to make the required payments, the unpaid portion shall be paid as soon as funds become available: 1. Five Million Five Hundred Thousand Dollars ($5,500,000.00) shall be payable each fiscal year in equal monthly installments to the credit of the Workers’ Compensation Commission Revolving Fund established in Section 28.1 of this title to be used to implement the provisions of this title; and 2. Two Hundred Fifty Thousand Dollars ($250,000.00) shall be payable in equal monthly installments to the credit of the Workers’ Compensation Court of Existing Claims Administrative Fund (CECAF) for the fiscal year beginning July 1, 2023, and each subsequent fiscal year. As of July 1, 2024, the balance of monies in the CEC Revolving Fund and monies deposited in the Workers’ Compensation Court of Existing Claims Administrative Fund (CECAF) shall be used by the Administrative Director of the Courts to fund all expenses associated with the Workers’ Compensation Court of Existing Claims trial judge and all three-judge en banc panel appeals adjudicated by the CEC Division of the Court of Civil Appeals to implement provisions provided for in this title. E. The refund provisions of Sections 227 through 229 of Title 68 of the Oklahoma Statutes shall be applicable to any payments made pursuant to this section. Added by Laws 2013, c. 208, § 165, eff. Feb. 1, 2014. Amended by Laws 2015, c. 344, § 4, eff. July 1, 2015; Laws 2019, c. 476, § 64, emerg. eff. May 28, 2019; Laws 2021, c. 570, § 1, emerg. eff. May 28, 2021; Laws 2023, 1st Ex. Sess., c. 19, § 1, eff. July 1, 2023;
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