Special Disability Trust Fund Assessment (SDTF Assessment)
The SDTF is maintained entirely by annual assessments as well as by the interest that these assessment deposits earn in the State Treasury. The net premiums written by the workers’ compensation carriers in Florida and the net premium applicable to the self-insurers in Florida are the basis for computing the amount to be assessed which is expressed as a percentage of net direct written premiums. Neither carriers nor self-insurers may deduct the cost of reinsurance. However, carriers may deduct dividends paid and refunds returned to policyholders in a given quarter. These premiums are then applied to the current applicable SDTF assessment rate to determine the carrier’s quarterly assessment.
Since the SDTF fund is barred from accepting new claims for dates of accident after 12/31/1997, why must carriers still pay the assessments?