Official Summary

Digest: The Act would let SAIF form or acquire subsidiaries. The Act would let SAIF or a subsidiary provide managed care to injured workers. The Act would require the Department of Consumer and Business Services to make an annual audit of the managed care that they provide. (Flesch Readability Score: 60.6). Authorizes the State Accident Insurance Fund Corporation to form or acquire subsidiaries to perform any function the corporation may delegate under law. Authorizes the corporation or a subsidiary to provide managed care services to injured workers. Sets forth the membership and duties of the board of directors that governs a subsidiary. Requires an annual audit of the managed care services provided by the corporation or a subsidiary. Takes effect on the 91st day following adjournment sine die.