• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • WCW HOME
  • Submit a Wire!
  • Advertising
  • Media Partners
  • About
  • Contact Us

WorkCompWire

Your Trusted Source for Workers Compensation News

Enlyte
  • Workers Compensation News
    • Workers Compensation Industry News
    • Association, Rating & Research News
    • Claims, Legal, & Compliance News
    • Legislative & Regulatory News
    • Risk Management News
    • Work Force & Human Resource News
  • Featured Articles
  • Leaders Speak
  • Editor’s Forum
  • People On The Move

California Division of Workers’ Compensation Posts Fund Assessment Rates for Fiscal Year 2010-11

December 1, 2010 - WorkCompWire

 
The Division of Workers’ Compensation (DWC) has posted the fiscal year 2010-2011 assessment rates for the Workers’ Compensation Administration Revolving Fund (WCARF) and other funds on its website. Insurance companies and self-insured employers will also receive assessment notices in the mail. The assessments are authorized by Labor Code sections 62.5 and 62.6.

The 2010-11 assessment of $404.9 million reflects a decrease in the aggregate assessment dollar amount of approximately -$1.7 million (or -0.43%) from the $406.6 million 2009-10 assessment. It should be noted that the totals listed for each fund on the first page of the assessment letter do not reflect the final assessment for each fund. The final assessment for each fund for both insured and self-insured employers can be found on page three of the methodology (resulting final assessment).

In addition to fully funding the work of the DWC, and partially funding the work of the Divisions of Occupational Safety and Health and Labor Standards Enforcement, assessments also fund antifraud efforts by the California Department of Insurance and local district attorneys, pay benefits to injured workers whose employers were illegally uninsured, and provide compensation to injured workers who already had a disability or impairment at the time of injury. The assessment covers the following funds:

  • Workers’ Compensation Administration Revolving Fund
  • Uninsured Employers Benefits Trust Fund
  • Subsequent Injuries Benefits Trust Fund
  • Workers’ Compensation Fraud Account
  • Occupational Safety and Health Fund
  • Labor Enforcement and Compliance Fund.

Insurers must pay the funding due to the state for policy holders and recover those funds from policy holders through workers’ compensation policy surcharges and assessments.

DWC mailed letters and invoices to insurers and self-insured employers Monday, November 29, showing the share of the assessments and surcharges due. Insurers with questions about their letters should call DWC Staff Services Manager Amadeo Urbano at (510) 286-7083 or DWC Analyst Naomi Carter at (510) 286-7087 for more information. Self-insured employers with questions about their letters should call the Office of Self Insurance Plans at (906) 574-0300 and speak with Tina Freese.

Newsline No. 63-10

Source: California DIR

Filed Under: Claims, Legal, & Compliance News, WCW Inner Page Featured - Recent

Primary Sidebar

Get Our Free Newsletter:

Select list(s) to subscribe to


By submitting this form, you are consenting to receive marketing emails from: WorkCompWire.com, PO Box 1114, Culver City, CA, 90232, http://www.workcompwire.com. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

myMatrixx

Paradigm

One Call

Triton

Follow Us on Twitter

Tweets by WorkCompWire

Workers Compensation News Topics

  • Top Stories
  • Featured Articles
  • Leaders Speak
  • Editor’s Forum
  • The RxProfessor
  • Industry News
  • Association, Rating & Research News
  • People On The Move
  • Claims, Legal, & Compliance News
  • Legislative & Regulatory News
  • Risk Management News
  • Work Force & Human Resource News
  • Workers’ Compensation

Wire Archives

Copyright WorkCompWire © 2023