In 2002, a bill allowing certain corporate officers to request exemption from coverage under the workers' compensation was enacted into law. Any corporate officer who owns at least 25% interest in the corporation may exercise their right to exempt themselves from the provisions of the Workers' Compensation Act. Such an exemption DOES NOT apply to employees of a corporation who are not corporate officers; employees must be covered by valid workers' compensation policy at all times. In order for corporate officers to exercise this right of exemption, all eligible corporate officers must sign the <em>Affidavit Of Exemption For Certain Corporate Officers or Directors - Form 153,</em>
stating whether or not they wish to exempt themselves. The exemption must be filed with the Department of Industrial Accidents' (DIA) Office of Investigations in Boston for approval.