Insurance companies, assessable mutuals, self-insurance funds, and individual self-insurers are required in accordance with Sections 440.51 and 440.49(9), Florida Statutes to pay assessments to the Workers' Compensation Administration Trust Fund (WCATF) and the Special Disability Trust Fund (SDTF). Assessments for both funds must be paid on all Florida Workers’ Compensation premiums including those ceded to reinsurers (minus any statutorily approved discounts). Also, assessment must be paid on the premium discount that has been applied on account of any deductible plans. Thus, the total premium that must be reported for the purpose of paying assessments must be the premiums that would otherwise have been paid if there had not been a deductible plan.
The WCATF assessment rate is applied on a calendar year basis and is based upon earned premiums. This rate is 0.80% for calendar year 2010 and 0.98% for calendar year 2011. The SDTF assessment is applied on a fiscal year basis and has decreased to 1.46% of net premium written effective 7/1/2010. For further information on assessments, please refer to the Division of Workers' Compensation Bulletins and the Annual Report under Publications.
- Florida Statutory References
- Additional Information
| Assessments Unit |
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| Gene Smith 200 E. Gaines Street Tallahassee, FL 32399-4221 Gene.Smith@myfloridacfo.com (850) 413-1644 |