Waivers of Workers’ Comp benefits for Executive Officers, Members of Boards of Directors of a Corporation, General Partners of a Partnership, or Managing Members of an LLCOfficers and Members of Boards of Directors Effective July 1, 2018, an officer or member of the board of directors that meets the definition of employee in Labor Code section 3351(c) may elect to waive coverage if either (1) he or she owns at least 10% of the issued and outstanding stock, or (2) he or she owns at least 1% of the issued and outstanding stock of the corporation if his or her parent, grandparent, sibling, spouse, or child owns at least 10 percent of the issued and outstanding stock and is covered by a health insurance policy or health care service plan. The officer or member shall execute a written waiver under penalty of perjury that he or she is a qualifying officer or director. The waiver shall be effective upon the date of receipt and acceptance by the corporation’s insurer. The insurer, with the consent of the individual executing the waiver, may elect to backdate the acceptance of the waiver up to 15 days prior to the date of receipt of the waiver. The waiver shall remain in effect until the officer or member of the board of directors provides the insurer with a written withdrawal of the waiver.General Partners or Managing Members of a Limited Liability Corporation Effective July 1, 2018, if an individual who is a general partner of a partnership or a managing member of a limited liability company executes a written waiver of coverage and states under penalty of perjury that the person is a qualifying general partner or managing member, the waiver shall be effective upon the date of receipt and acceptance by the partnership’s or limited liability company’s insurer. The insurer, with the consent of the individual executing the waiver, may elect to backdate the acceptance of the waiver up to 15 days prior to the date of receipt of the waiver. The waiver shall remain in effect until the individual provides the insurer with a written withdrawal of the waiver.Recommended waiver forms addressing these issues is attached in pdf format.