- Committee -

SCS/SB 385 - This act establishes that when calculating administrative surcharges it shall be based upon the total premiums that would have been paid for the deductible portion. The second injury fund surcharge owed by the employer who purchases a deductible policy will be assessed upon the total premiums which would have been paid in the absence of the deductible option. The premium taxes owed under chapter 287 RSMo, for workers' compensation policies with deductible options shall be based upon the total premiums paid upon the insurance policy excluding the deductible portion of the policy.

In order to fund the Workers Compensation Division the Division Director may impose a surcharge on every workers compensation deductible plan policyholder insured pursuant to Chapter 287, RSMo. Sections 287.716, and 287.717 RSMo, sets out procedures regarding the calculation and application of the surcharge.

RICHARD MOORE