Oklahoma legislation · 2026 Regular Session
Oklahoma HR1042: Resolution; CompSource Mutual Insurance Company; State Insurance Fund; trust; public interest.
Status: Introduced, March 30, 2026
What the bill says
A Resolution emphasizing the State of Oklahoma's interest in CompSource Mutual Insurance Company; recognizing the existence of CompSource Mutual Insurance Company as an entity ensuring compensation under current workers' compensation laws; emphasizing that all monies and assets of CompSource Mutual Insurance Company are held in trust; and emphasizing the public's interest in CompSource Mutual Insurance Company.
From the engrossed text, March 30, 2026:
A Resolution emphasizing the State of Oklahoma's interest in CompSource Mutual Insurance Company; recognizing the existence of CompSource Mutual Insurance Company as an entity ensuring compensation under current workers' compensation laws; emphasizing that all monies and assets of CompSource Mutual Insurance Company are held in trust; and emphasizing the public's interest in CompSource Mutual Insurance Company. WHEREAS, CompSource Oklahoma was allowed by the Legislature to become a mutual insurance company, CompSource Mutual Insurance Company, effective January 1, 2015, for the purpose of insuring employers against liability for compensation under the Administrative Workers' Compensation Act, the Oklahoma Workers' Compensation Code, and previous workers' compensation laws; and HR1042 HFLR Page BOLD FACE denotes Committee Amendments. WHEREAS, because of the State Insurance Fund, the predecessor of CompSource Mutual Insurance Company, was created with taxpayer funds, the State of Oklahoma continues to have an important and vital interest in the operation of the company; and WHEREAS, CompSource Mutual Insurance Company exists for the purpose of assuring compensation for the persons entitled thereto provided by workers' compensation laws, and for the further purpose of insuring persons, firms, and corporations against loss, expense, or liability by reason of bodily injury, death by accident, occupational disability, or occupational disease suffered by employees, for which the insured may be liable or have assumed liability; and WHEREAS, CompSource Mutual …
Sponsors
- Chris Sneed (R, HD-014) · primary sponsor
Latest actions
- : Authored by Representative Sneed
- : Introduced
Common questions
- What is HR1042?
- HR1042 is a bill in the Oklahoma Legislature (2026 Regular Session): Resolution; CompSource Mutual Insurance Company; State Insurance Fund; trust; public interest.
- What does HR1042 do?
- In its own words: A Resolution emphasizing the State of Oklahoma's interest in CompSource Mutual Insurance Company; recognizing the existence of CompSource Mutual Insurance Company as an entity ensuring compensation under current workers' compensation laws; emphasizing that all monies and assets of CompSource Mutual Insurance Company are held in trust; and emphasizing the public's interest in CompSource Mutual Insurance Company.
- What is the status of HR1042?
- Introduced as of March 30, 2026. Latest action: Authored by Representative Sneed (March 30, 2026).
- Who sponsored HR1042?
- Chris Sneed (R, HD-014).
- Where is the official record for HR1042?
- On the Oklahoma Legislature website: https://www.oklegislature.gov/BillInfo.aspx?Bill=HR1042&Session=2600
Source: official Oklahoma record. Tracked by Delilah, AI for legislation across all 50 states and Congress.