Department of Financial Services Issues Orders Setting Assessment Rates for 2012
The Division of Workers’ Compensation has issued 2 informational memoranda setting assessment rates for the 2012 calendar year.
Workers’ Compensation Administration Trust Fund – DFS-02-2011 – The assessment rate for 2012 is 1.75%.
Each year the Department estimates the amounts needed for the administration of Chapter 440, Florida Statutes. This figure takes into account the current balance of the fund and anticipated expenses for the following year.
Special Disability Trust Fund – DFS-03-2011 – Beginning January 1, 2012 the assessment rate for the SDTF is reduced from 1.46% to 1.44%. However during the period of July 1, 2011 through December 31, 2011 the rate will be 1.46%.
During the 2011 Florida Legislative Session, House Bill 1087 changed the effective date of the trust fund from July 1st to January 1st.
If you have any questions please contact any of our insurance professionals.