16 Va. Admin. Code § 30-80-100

Current through Register Vol. 41, No. 8, December 2, 2024

Section 16VAC30-80-100 - Assessments

A. All self-insurers, public and private, shall be subject to assessments for the commission's Administrative Fund (Chapter 10 of Title 65.2 of the Code of Virginia), the Second Injury Fund (Chapter 11 of Title 65.2), the Uninsured Employer's Fund (Chapter 12 of Title 65.2), and such other funds or expenses as may be required by future legislation or commission regulation.

B. Self-insurers' assessments shall be calculated by the commission each year based on manual insurance rates for the same or similar work.

C. Failure to provide the amounts assessed within 60 days of notice of the amount of the assessment shall be grounds for termination of the privilege of self-insurance.

16 Va. Admin. Code § 30-80-100

Derived from VR405-20-01 § 10, eff. January 13, 1993.

Statutory Authority

§§ 65.2-201 and 65.2-801 of the Code of Virginia.