Magnifying Glass
Back to Sponsored Content

OK House Approves Bill To Create CompSource Pilot Program

26 May, 2009 WorkersCompensation.com

                               
Tulsa, OK (CompNewsNetwork) - Legislation allowing the state-run worker's compensation insurer to develop a three-year pilot program to help capture savings and improve services through exemption from certain purchasing and acquisition requirements has been passed by the Oklahoma House of Representatives.

House Bill 1755, by state Rep. Scott Martin, makes CompSource of Oklahoma an enterprise agency exempt from certain purchasing and acquisition provisions of Oklahoma law.

"Enterprise agencies are an innovative way to save taxpayers dollars and modernize an often archaic and burdensome governmental process," Martin, R-Norman, said. "With this bill we are bringing some of the best parts of the free enterprise system into state government. CompSource will be required to provide yearly reporting to the governor and legislative leaders. In addition, they will be required to promulgate rules in regards to purchasing and bidding, plus stop duplicative reporting requirements. This measure furthers earlier efforts this session to look at the mutualization of CompSource. If they are successful at realizing efficiencies and savings, I hope we can provide this opportunity to other state agencies."

Specifically, the agency would be exempt from compliance with the provision of the Oklahoma Central Purchasing Act, the Public Competitive Biding Act of 1974, the Oklahoma Surplus Purchasing Act and certain statutory provisions concerning Fleet Management and the State Construction Administrator of the Construction and Properties Division within the Department of Central Services. The measure also exempts CompSource Oklahoma from the requirements of the Office of State Finance related to budgetary reporting, information system plans and telecommunication plans.

"The intent of this legislation is to give the agency greater flexibility to produce better outcomes at less cost than under the current bureaucratic system," Martin said. "An enterprise agency wastes less time and money on paperwork and low-valued added rule compliance."

CompSource is a non-profit, self-sustaining insurance company created by the state in 1933 to provide a consistent, viable market for Oklahoma employers to obtain coverage that was both affordable and service-driven. 

    • Read Also

    IOH Announces Appointment of Scott Strickland as Chief Operating Officer (COO) 

    SAN DIEGO, CA — July 1, 2024 — Institutes of Health (“IOH”), a leading transdisciplinary Workers’ Compensation treatment organization focused on patients suffering from complex and chronic conditions, is delighted to announce the appointment of […]
    Rising Medical Solutions Becomes Bronze Associate Partner of WorkCompCollege.com 

    Lakewood Ranch, FL (July 2, 2024) – WorkCompCollege.com, a division of Workers’ Compensation Educational Services, LLC, has announced a Bronze Associate Partnership with Rising Medical Solutions (Rising). Their mission to “make lives better” is consistent […]
    The Key Role of a Workers’ Comp Case Manager 

    Close attention through the claim lifecycle ensures the best claimant outcomes   In the world of workers’ compensation, where endless variables seem to be at play, Horizon Casualty Services, Inc., (HCS) acknowledges that having a clear […]

    About The Author

    • WorkersCompensation.com

    More by This Author

    Ametros’ Melissa Coleman Honored by the IAIABC as a 2024 NextGen Winner

    Wilmington, Mass. (June 24, 2024) – The IAIABC has recognized Melissa Coleman as a 2024 NextGen Award Winner. Coleman is the Senior Vice President of Marketing for Ametros, which helps people manage their medical funds following workers’ […]
    ReEmployAbility Announces Free Webinar: ‘Overcoming Jurisdictional Return-to-Work Challenges’

    ReEmployAbility, Inc.Contact: Rebecca Dearth(813) 261-3117 | news@reemployability.com Brandon, FL (May 10, 2023)- ReEmployAbility CEO and Founder Debra Livingston will be hosting a second free, live Work Comp Central webinar in their continued series to educate […]
    NCCI Annual Golf Event Tees Up $25,000 for Kids’ Chance of America

    (Orlando, FL–May 10, 2023)—The National Council on Compensation Insurance (NCCI) has given $25,000 to Kids’ Chance of America, supporting college scholarships for the children of injured workers. NCCI made the donation in conjunction with its Annual […]

    Read More

    IOH Announces Appointment of Scott Strickland as Chief Operating Officer (COO) 

    SAN DIEGO, CA — July 1, 2024 — Institutes of Health (“IOH”), a leading transdisciplinary Workers’ Compensation treatment organization focused on patients suffering from complex and chronic conditions, is delighted to announce the appointment of […]
    Rising Medical Solutions Becomes Bronze Associate Partner of WorkCompCollege.com 

    Lakewood Ranch, FL (July 2, 2024) – WorkCompCollege.com, a division of Workers’ Compensation Educational Services, LLC, has announced a Bronze Associate Partnership with Rising Medical Solutions (Rising). Their mission to “make lives better” is consistent […]
    The Key Role of a Workers’ Comp Case Manager 

    Close attention through the claim lifecycle ensures the best claimant outcomes   In the world of workers’ compensation, where endless variables seem to be at play, Horizon Casualty Services, Inc., (HCS) acknowledges that having a clear […]
    Ametros’ Melissa Coleman Honored by the IAIABC as a 2024 NextGen Winner

    Wilmington, Mass. (June 24, 2024) – The IAIABC has recognized Melissa Coleman as a 2024 NextGen Award Winner. Coleman is the Senior Vice President of Marketing for Ametros, which helps people manage their medical funds following workers’ […]
    PhysNet Achieves Fifth Consecutive Year of SOC 2 Type II Certification

    Jacksonville, FL, June 3, 2024 – PhysNet proudly announces its attainment of SOC 2 Type II compliance for the fifth consecutive year, reinforcing its commitment to providing enterprise-level security for customer data within its cloud-based […]
    WorkCompCollege.com Welcomes Alistair Ienstein as New Academic Innovator 

    June 20, 2024 – WorkCompCollege.com is thrilled to announce the appointment of Alistair Ienstein as its new Academic Innovator. Alistair, a unique and revolutionary AI presence, is poised to transform the learning experience for students […]

    Request a Demo

    To request a free demo of one of our products, please fill in this form. Our sales team will get back to you shortly.