Ala. Admin. Code r. 480-5-1-.02
Current through Register Vol. 43, No. 1, October 31, 2024
Section 480-5-1-.02 - Procedures For Collecting Assessments(1) On or before the 1st day of March each entity providing coverage or paying benefits under the law, shall file with the Department of Industrial Relations on the current revision of WCC Form 10 the gross claims for compensation and medical payments paid by the entity during the preceding one year period ending on the 31st day of December.(2) After receipt and verification of the compensation and medical payments paid, the Department will access each entity providing coverage $250.00, plus their proportionate share of the total assessment based on their percentage of gross claims for compensation and medical payments to defray the necessary administrative expense of the Workers' Compensation Program.(3) If the amount of the assessment is not paid by the entity within thirty days, a civil penalty equal to ten (10%) percent of the amount unpaid is added to the assessment. The amount of the civil penalty shall be collected at the same time the amount assessed is collected. If the insurance company fails to pay the amount assessed against it within sixty (60) days from the time the notice is served, the Department may request that the Department of Insurance revoke the authority of the insurance company to insure workers' compensation. If the self-insured employer or group fund fails to pay the amounts assessed against them within sixty (60) days from the time the notice is served the Department may suspend or revoke the authorization of the self-insured employer or group fund to continue their self-insurance privileges. Author: Wilbon S. Spates, Chief, Workers' Compensation Division
Ala. Admin. Code r. 480-5-1-.02
Emergency Rule effective July 1, 1992; Permanent Rule effective October 15, 1992; Previous Rule Number 480-3-2-.18; Effective: February 16, 1993. Amended: Filed October 9, 1997; effective November 13, 1997.Statutory Authority:Code of Ala. 1975, Act 92-537.