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Oklahoma · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Okla. Stat. tit. 85A, § 85A-28: Multiple Injury Trust Fund - Self-insurance Guaranty Fund

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Where this section sits in the code
  1. OK Code
  2. Title 85A

A. There are established within the Office of the State

Treasurer two separate funds:

1. The "Multiple Injury Trust Fund"; and

2. The "Self-insurance Guaranty Fund".

B. Except as provided in Section 97 of this title, no money

shall be appropriated from these funds for any purpose except for

the use and benefit, or at the direction, of the Oklahoma Workers'

Compensation Commission.

C. Except as provided in Section 96 of this title, all funds

established under this section shall be administered, disbursed, and

invested under the direction of the Commission and the State

Treasurer.

D. All incomes derived through investment of the Multiple

Injury Trust Fund shall be credited as investment income to the fund

that participated in the investment.

E. No monies deposited to these funds shall be subject to any

deduction, tax, levy, or any other type of assessment.

F. If the balance in the Multiple Injury Trust Fund becomes

insufficient to fully compensate those employees to whom it is

obligated, payment shall be suspended until such time as the

Multiple Injury Trust Fund is capable of meeting its obligations,

paying all arrearages, and restoring normal benefit payments.

G. On the effective maturity dates of each investment, the

investment shall be transferred to the State Treasurer for deposit

into the Multiple Injury Trust Fund created in this section.

H. Unless provided otherwise in the Administrative Workers'

Compensation Act, all fines and penalties assessed under the

Administrative Workers' Compensation Act shall be deposited into the

Workers' Compensation Commission Revolving Fund. Any monies

remaining in the Workers' Compensation Fund on June 30, 2015, shall

be transferred to the Workers' Compensation Commission Revolving

Fund.

Collected 2026-09-14T18:32:36Z. Source file · JSON

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