|
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 |
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** 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.”
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