(a) There are established on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State, three (3) separate funds: (1) The “Workers’ Compensation Fund”; (2) The “Second Injury Trust Fund”; and (3) The “Death and Permanent Total Disability Trust Fund”. (b) Except for funds transferred into […]
(a) Each carrier writing compensation insurance in this state shall pay to the Insurance Commissioner, in addition to the premium taxes and fees now required under existing laws, at the time of securing the first license to transact business in the state the sum of five hundred dollars ($500) for the privilege of qualifying with […]
(a) (1) In addition to the premium taxes collected from carriers, the carriers shall pay annually to the Workers’ Compensation Commission a tax, at the rate to be determined as provided in § 11-9-306 but not to exceed three percent (3%), on all written manual premiums resulting from the writing of workers’ compensation insurance on […]
(a) (1) The Workers’ Compensation Commission shall collect a tax from every self-insured employer at a rate to be determined as provided by § 11-9-306 but not to exceed three percent (3%) of the written manual premium which would have to be paid under § 11-9-303 by a carrier if the self-insured employer were insured […]
(a) (1) (A) The Workers’ Compensation Commission shall collect a tax from every public employer providing workers’ compensation coverage to its employees at a rate to be determined as provided by § 11-9-306 but not to exceed three percent (3%) of the written manual premium which an insurance carrier would have to pay under § […]
(a) (1) The Workers’ Compensation Commission, on or before December 31 of each year, shall determine the surplus, if any, in the Workers’ Compensation Fund, together with the additional amounts necessary to properly administer this chapter for the ensuing year. (2) The commission shall determine the rate of taxation for collections for that year on […]
(a) During the biennial period beginning July 1, 1989, and thereafter, the State Insurance Department shall certify to the Chief Fiscal Officer of the State the cost of administering the Public Employee Claims Division. (b) The certification shall be made the month following each quarter of the fiscal year and shall include a report of […]
