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The National Conference of
Insurance Guaranty Funds
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Suite 1020
Indianapolis, IN 46204
tel: 317.464.8199
fax: 317.464.8180

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Pennsylvania Workers' Compensation Security Fund
Assessment Liability Reporting

Laura Keller, Claims Manager

Assessment History Assessments Authorized for 2007: No assessments authorized.
   
  SINGLE ACCOUNT
       
Lines Covered   16 and some 33  
2006 Net Assessable Premium   $ 2,647,660,016**  
Maximum Assessment (1%)   $ 26,476,600  


** Includes net written premium for the State Workers' Insurance Fund

Assessment Recoupment Provision - unknown

Assessment Procedures -   Section 1059 of the Workers’ Compensation Security Fund Act states “If due to the payment of liabilities or claims, the balance of the fund is reduced below $500,000,000, the department shall require contributions to maintain the actuarial soundness of the fund and to restore, in a timely manner, the balance of the fund to a level at or above $500,000,000.”

 

last updated 01/21/2008

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