HCS SCS SB 385 -- WORKERS' COMPENSATION

This bill changes the premium tax charged on the discounted
portion of high-deductible workers' compensation polices to an
"administrative surcharge."  A late-payment charge of 0.5% will
apply to late payments of the surcharge and interest for late
payments will accrue at a rate of 1.5% for each month the payment
is delinquent.  Records required to be filed with the Division of
Workers' Compensation pursuant to this law will be closed
records.  The bill does not apply to self-insureds.  The division
will start collecting the surcharge on January 1, 2004.

Missouri House of Representatives
Last Updated July 25, 2003 at 10:13 am