Introduced By: Senator Blais
Date Introduced : February 9, 1999
It is enacted by the General Assembly as follows:
SECTION 1. Section 28-47-9 of the General Laws in Chapter 28-47 entitled "Workers' Compensation--Group Self-Insurance" is hereby amended to read as follows:
28-47-9. Audit of group self-insurance. -- The director
annually, as soon as practicable after April first in each succeeding
year, shall ascertain the total amount of expenses, including
in addition to the direct costs of personal services, the cost
of maintenance and operation, the cost of retirement contributions
made and workers' compensation premiums paid by the state for
or on account of personnel, rentals for space occupied in state
owned or state leased buildings, and all other direct or indirect
costs incurred by the department of business regulation during
the preceding calendar year in carrying out the provisions of
this chapter. Those expenses shall be assessed against all group
self-insurers including for this purpose employers who have ceased
to exercise the privilege of group self-insurance but have filed
a surety bond, trust fund, or other security. The basis of apportionment
of the assessment against each group {DEL self-insurer DEL}
shall be that proportion of those expenses {ADD ,excluding any expenses
associated with a disbanded group, ADD}that the {ADD written ADD}
premium or equivalent premium of each group self-insurer at the
close of the preceding calendar year bears to the total premium
for all group self-insurers. {ADD The department may assess any
disbanded group based upon the actual expenses incurred by the
department for such group in the preceding fiscal year. For the
purpose of this assessment, a disbanded group shall mean a group
in run-off. ADD} All those assessments when collected shall be
paid to and for the use of the insurance division of the department
of business regulation.
SECTION 2. This act shall take effect upon passage.
