Current through Register Vol. XLI, No. 50, December 13, 2024
Section 85-6-2 - Purpose of Rule This rule provides for the implementation of the following:
2.1. Pursuant to W. Va. Code § 23-2C-3(f)(3), a premiums surcharge on private carrier workers' compensation policy holders for deposit into the "West Virginia Workers' Compensation Debt Reduction Fund;"2.2. Pursuant to W. Va. Code § 23-2C-3(f)(3) an assessment on the self-insured employer community for deposit into the "West Virginia Workers' Compensation Debt Reduction Fund;"2.3. Pursuant to W. Va. Code § 23-2C-3(f)(1), a percentage surcharge on private carrier workers' compensation policy holders to pay for the costs attributable to the regulation of the workers' compensation insurance market; and2.4. Pursuant to W. Va. Code § 23-2C-3(f)(2), a percentage surcharge on self-insured employers to be remitted to the Insurance Commissioner to pay for the costs attributable to the regulation of the self-insured employer market.