No; on July 25, 2002, a change in the workers' compensation law went into effect which allowed corporate officers who own at least 25 % of the corporation to exempt themselves from WC coverage. Such corporate officers can file the Form 153 - Affidavit of Exemption for Certain Corporate Officers or Directors  with the DIA to exempt themselves. This change does not affect the requirement that all employers cover their employees with Workers Compensation insurance.