The California Department of Industrial Relations issued the assessments for next year that will be collected by workers’ compensation insurers from policy holders to cover state compensation budgets and other related funds.
A report by
WorkCompWire said the assessment s and surcharges will be used to support the Division of Workers’ Compensation (DWC), the Workers’ Compensation Administration Revolving Fund; the Uninsured Employers Benefits Trust (UEBT) Fund; the Subsequent Injuries Benefits Trust (SIBT) Fund; the Occupational Safety and Health Fund; the Labor Enforcement & Compliance Fund; and the Workers’ Compensation Fraud Account.
The rates will apply to the policyholders’ estimated annual assessable premium for policies that will be incepted January 1, 2017 through December 31, 2017.
The rates follow:
2017 |
WC Administration Revolving Fund Assessment: |
0.003128 |
2017 |
Uninsured Employers Benefit Trust Fund Assessment: |
0.000721 |
2017 |
Subsequent Injuries Benefits Trust Fund Assessment: |
0.001335 |
2017 |
Occupational Safety & Health Fund: |
0.002305 |
2017 |
Labor Enforcement & Compliance Fund: |
0.001918 |
2017 |
WC Fraud Account Assessment: |
0.001675 |
Further, the following rates will apply to the self-insured and legally uninsured in California to voer their share of the 2017 assessments:
2017 |
WC Administration Revolving Fund Assessment: |
0.025226 |
2017 |
Uninsured Employers Benefit Trust Fund Assessment: |
0.004707 |
2017 |
Subsequent Injuries Benefits Trust Fund Assessment: |
0.006927 |
2017 |
Occupational Safety & Health Fund: |
0.012111 |
2017 |
Labor Enforcement & Compliance Fund: |
0.010479 |
2017 |
WC Fraud Account Assessment: |
0.009262 |