The rate to be charged for the period from July 1 through June 30, 2012, is 1.98 percent of gross direct premiums written for workers' compensation for risks located in the state, normal premiums for group self-insurance associations, and actual paid losses for individual self-insured employers. The rate was calculated using a statutory formula. The assessment due on July 15 is to be calculated using the existing 2.59 percent rate. The payment due Oct. 15 should be calculated using the new rate.
Read more at the WorkersComp Forum homepage.
June 13, 2011
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