Corporate Officer Exemption Form - Public Corporation - Washington

Corporate Officer Exemption Form - Public Corporation is a legal document that was released by the Washington State Employment Security Department - a government authority operating within Washington.

FAQ

Q: What is the Corporate Officer Exemption Form?
A: The Corporate Officer Exemption Form is a form that allows officers of a public corporation in Washington to exempt themselves from workers' compensation coverage.

Q: Who is eligible for the Corporate Officer Exemption?
A: Officers of a public corporation in Washington are eligible for the Corporate Officer Exemption.

Q: How can I apply for the Corporate Officer Exemption?
A: You can apply for the Corporate Officer Exemption by submitting the required form to the Washington State Department of Labor & Industries.

Q: What is the purpose of the Corporate Officer Exemption?
A: The purpose of the Corporate Officer Exemption is to allow officers of a public corporation to choose whether or not to be covered by workers' compensation insurance.

Q: What are the benefits of the Corporate Officer Exemption?
A: The benefits of the Corporate Officer Exemption include potential savings on workers' compensation insurance premiums for officers who exempt themselves from coverage.

Q: Are there any requirements to qualify for the Corporate Officer Exemption?
A: Yes, officers must meet certain criteria, such as owning at least 10% of the corporation's stock and being actively involved in its management.

Q: What happens if I exempt myself as a corporate officer?
A: If you exempt yourself as a corporate officer, you will not be eligible for workers' compensation benefits in case of a workplace injury or illness.

Q: Can I change my exemption status as a corporate officer?
A: Yes, you can change your exemption status as a corporate officer by submitting a new exemption form to the Washington State Department of Labor & Industries.