Competitive-Market States

Other states allow many companies to compete for customers as they sell workers’ compensation policies according to the requirements of state law. These are called competitive-market states.

Utah is a competitive-market state. However, with the passage of its 1917 workers’ compensation law, it did establish the Workers Compensation Fund, a sort of state-owned public option which has held the majority of the state market share ever since.

Though its ownership has more recently been transferred to the policyholders, the Workers Compensation Fund still serves the public purpose of providing coverage as a last resort for employers that cannot otherwise get it.