Louisiana Administrative Code
Title 32 - EMPLOYEE BENEFITS
Part I - General Provisions
Chapter 11 - Contributions
Section I-1105 - Penalty for Late Payment of Premiums

Universal Citation: LA Admin Code I-1105

Current through Register Vol. 50, No. 9, September 20, 2024

A. If any participating employer fails to remit, in full, both the employer and employee contributions to OGB within 30 days after receipt of the monthly invoice premium statement, then at the request of OGB, the state treasurer shall withhold from state funds due the participating employer the full amount of the delinquent employer and employee contributions. The participating employer shall also pay a penalty equal to 1 percent of the total amount due and unpaid, compounded monthly. The state treasurer shall remit this amount directly to OGB.

AUTHORITY NOTE: Promulgated in accordance with R.S. 42:801(C) and 802(B)(1).

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