Sec.31-349g-6. Collection and remittance of assessments

(a) Self-Insured Employers

The Custodian of the Fund shall notify each Self-Insured Employer of its pro rata share of any scheduled assessment under subdivision (1) of subsection (a) of section 31-349g-5 of the regulations of Connecticut State Agencies. Each Self-Insured Employer shall remit such amount to the Custodian of the Fund within thirty (30) days after any such notice.

(b) Insured Employers

(1) Every Insurer shall collect from each of its policyholders, on behalf of the Custodian of the Fund and in accordance with section 31-349g-5 of the regulations of Connecticut State Agencies, the Premium Surcharge, which shall be stated separately on the policy or on a separate document. An insurer may cancel a workers' compensation policy for an employer's non-payment of the Premium Surcharge.

(2) Each Insurer shall report and remit to the Custodian of the Fund, within forty-five (45) days following the last day of the calendar quarter, an amount equal to (i) the stated Premium Surcharge for all policies with an effective date during the quarter, and (ii) the Premium Surcharge due to adjustments made to Standard Premium during the quarter for all policies with an effective date on or after January 1, 1996 and prior to the quarter. The Custodian of the Fund shall prescribe the form of the report and remittance.

(3) For purposes of sections 31-349g-1 through 31-349g-9, Interlocal Risk Management Agencies may remit the Premium Surcharge ratably over the four quarters of the Fiscal Year.

(4) Standard Premium reported by Insurers shall be final except for adjustments made as a result of payroll audits, classification changes, policy cancellations or other similar adjustments. Adjustments to Premium Surcharge based on any such adjustment to Standard Premium shall be made at the Premium Surcharge Rate in effect for the policy being adjusted.

(Adopted effective January 5, 1996)