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Virginia Administrative Code (Last Updated: January 10, 2017) |
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Title 16. Labor and Employment |
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Agency 30. Virginia Workers' Compensation Commission |
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Chapter 80. Regulations Governing Individual Self-Insurance under the Virginia Workers'compensation Act |
Section 100. Assessments
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A. All self-insurers, public and private, shall be subject to assessments for the commission's Administrative Fund (Chapter 10 of Title 65.2 of the Code of Virginia), the Second Injury Fund (Chapter 11 of Title 65.2), the Uninsured Employer's Fund (Chapter 12 of Title 65.2), and such other funds or expenses as may be required by future legislation or commission regulation.
B. Self-insurers' assessments shall be calculated by the commission each year based on manual insurance rates for the same or similar work.
C. Failure to provide the amounts assessed within 60 days of notice of the amount of the assessment shall be grounds for termination of the privilege of self-insurance.
Historical Notes
Derived from VR405-20-01 § 10, eff. January 13, 1993.