34A-2-1003. Issuance of a waiver.
(1) The commission shall issue a workers' compensation coverage waiver to a business entity that: elects not to include an owner, partner, or corporate officer or director as an employee under a workers' compensation policy in accordance with Sectionand Subsectionor; 34A-2-103 34A-2-104(3) (4) employs no other employee on the day on which the commission issues the waiver to the business entity; provides to the commission the information required by Section; and 34A-2-1004 pays a fee established by the commission in accordance with Section, except that the fee may not exceed $50. 63J-1-504
(2) A waiver issued under this section expires one year from the day on which it is issued unless renewed by the holder of the waiver. To renew a waiver issued under this part, the holder of the waiver shall: employ no other employee on the day on which the commission renews the waiver; provide to the commission the information required by Section; and 34A-2-1004 pay a fee established by the commission in accordance with Section, except that the fee may not exceed $50. 63J-1-504
(3) As of the day on which a business entity described in Subsectionemploys an employee other than an owner, partner, or corporate officer or director described in Subsection: (1) (1)(a) the business entity's waiver is invalid; and the business entity is required to provide workers' compensation coverage for that employee in accordance with Section. 34A-2-201
(4) The commission shall deposit a fee collected under this section in the Industrial Accident Restricted Account created in Section. 34A-2-705
(5) Unless invalidated under Section, notwithstanding the other provisions of this section, a waiver issued by an insurer that is valid on June 30, 2011, remains valid until its expiration date. 34A-2-1005