Current through Register Vol. 54, No. 24, June 15, 2024
Section 121.31 - Workmen's Compensation Administration Fund(a) Annual assessments on self-insured employers, under section 446(b) of the act (77 P. S. § 1000.2(b)), shall be in amounts determined by the following: | Amount of Compensation Paid by a Self-insured Employer during the Preceding Calendar Year |
| ____________ | x | The Approved Budget of the Workmen's Compensation Administration Fund for the Current Fiscal Year |
| Total Amount of Compensation Paid by All Insurers During the Preceding Calendar Year |
(b) The approved budget of the Workmen's Compensation Administration Fund for the current fiscal year, minus the total amount owed by all self-insured employers, as calculated under subsection (a), shall equal the aggregate amount to be collected by insurance carriers.(c) Insurance carriers shall remit to the Bureau assessment amounts as follows: | Amount of Earned Premium as Reported to the Insurance Department, by an Insurance Carrier for the Preceding Calendar Year |
| ______________ | x | Aggregate Amount to be Collected by Insurance Carriers |
| Total Amount of Earned Premium Reported to the Insurance Department by all Insurance Carriers for the Preceding Calendar Year |
(d) If the amount of earned premium as reported to the Insurance Department, by an insurance carrier, for the preceding calendar year is less than zero, the Bureau will calculate the assessment amount as though an earned premium amount of zero were reported to the Insurance Department.(e) Insured employers shall remit assessment amounts through their insurance carriers, according to procedures defined by the approved rating organization and approved by the Insurance Commissioner.(f) Self-insured employers and runoff self-insurers shall pay assessments directly to the Bureau.The provisions of this § 121.31 adopted May 14, 1999, effective 5/15/1999, 29 Pa.B. 2649; amended August 3, 2007, effective 8/4/2007, 37 Pa.B. 4181.The provisions of this § 121.31 issued under section 2218 of The Administrative Code of 1929 (71 P. S. § 578).