Rule 20-1-1.16 - Assessment Procedure1. Every Carrier or Self-Insured shall report to the Commission all compensation and medical payments for the prior calendar year (January 1st through December 31st) on or before March 1st of each year on the Annual Assessment Report Form available on the Commission's website. The Carrier or Self-Insured shall include the six-digit Carrier Number at the time of submission. Additionally, each Carrier or Self-Insured shall certify that the form is a true and correct report of payments made by the Carrier or Self-Insured for the prescribed period. Failure to include all information required shall result in the Annual Assessment Report being returned to the Carrier or Self-Insured and may result in late penalties.2. Failure of the Carrier or Self-Insured to submit the Annual Assessment Report on or before March 1st shall result in assessment of a twenty dollars ($20.00) per day penalty for each day the Carrier or Self-Insured fails to return the completed Annual Assessment Report to the Commission.3. When calculating the percentage of gross claims for compensation and medical payments of Carriers and Self-Insureds to fund the administration of the Commission, the Commission shall utilize a percentage for the assessment that yields the closest total practical to the budget amount appropriated by the Legislature.4. A Carrier or Self-Insured shall have 30 days from the date of the assessment invoice to tender payment to the Commission in the form and manner as directed by the assessment invoice.5. Failure of the Carrier or Self-Insured to tender payment in the form and manner as directed by the assessment invoice within 30 days from the date of the assessment invoice shall result in notice to the Carrier or Self-Insured that payment is due and that a late penalty of ten percent (10%) on the unpaid assessment amount is due at the same time payment of the outstanding assessment is tendered.6. Failure of any Carrier or Self-Insured to pay an outstanding assessment within 60 days from the date of the assessment invoice shall result in the Commission entering an Order to demand payment of the outstanding assessment in full, including penalties. Further, failure to promptly issue payment may result in the Commission suspending or revoking the authorization to insure compensation or to be self-insured. Miss. Code Ann. § 71-3-99 (Rev. 2017)