34 Pa. Code § 125.210 - Assessment of existing self-insurer
(a) If the liabilities of the guaranty fund
exceed its assets, including funds deposited into the guaranty fund under
section 906(a)(1) of the act (77 P. S. §
1037.6(a)(1)), the Bureau
may assess self-insurers for the additional amount needed to satisfy the
liabilities under section 907(b)(1) of the act (77 P. S. §
1037.7(b)(1)).
(b) The Bureau will give notice to each
self-insurer of the amount assessed against the self-insurer under this
section. Payment of the assessment shall be made within 30 days of the receipt
of the assessment.
(c) Assessment
of a self-insurer under section 907 (b)(1) of the act shall be determined as
follows: the amount of compensation paid by the self-insurer during the
preceding calendar year multiplied by the quotient resulting from dividing the
amount determined by the Bureau to carry out the requirements of Article IX of
the act (77 P. S. §§
1037.1-1037.8) by the total amount
of compensation paid by all self-insurers during the preceding calendar year.
The amount of compensation paid by the self-insurer and the total amount of
compensation paid by self-insurers shall be obtained from the annual reports
filed with the Bureau under sections 445 and 446(e) of the act (77 P. S.
§§
1000.1 and
1000.2(e)).
(d) A self-insurer will not be assessed in
any one calendar year more than 1% of the compensation paid by that
self-insurer during the previous calendar year.
Notes
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