Missouri Code of State Regulations
Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE
Division 500 - Property and Casualty
Chapter 6 - Workers' Compensation and Employers' Liability
Section 20 CSR 500-6.300 - Self-Insurance

Universal Citation: 20 MO Code of State Regs 500-6.300

Current through Register Vol. 49, No. 6, March 15, 2024

PURPOSE: This amendment removes unnecessary signature requirements, streamlines and conforms language to other current law, and clarifies the scope of the department's role in Second Injury Fund matters.

PURPOSE: This rule implement s section 287.280, RSMo when the payroll, the experience, and the pre- mium of individual employers within a group are so diverse that they require the calculation of the premium applicable to individual employers within the group in order to determine each employer's tax and Second Injury Fund surcharge liability.

(1) Employers that choose to self-insure as a group, and qualify to do so, shall-

(A) Be liable, either individually or as a group, for the payment of the Workers' Compensation self-insurance premium tax and Second Injury Fund surcharge certified by the director and the Department of Labor and Industrial Relations;

(B) Be responsible, either individually or as a group, for maintaining and reporting to the director or to the Department of Labor and Industrial Relations employer payroll records, medical and compensation paid, and losses incurred, including reserves to or on behalf of injured employees;

(C) Compile, compute, and submit premium tax information on forms furnished by the department, which may be obtained from its website or by request;

(D) Subject all payroll records, loss records, insurance rating and premium computations, and reserves that are pertinent to the premium tax liability and Second Injury Fund surcharge liability of qualified self-insured employers to audit and examination by the director of insurance or the director's designee.

(2) The review, computation, certification, and collection of Second Injury Fund surcharge amounts and information is performed by the Department of Labor and Industrial Relations and the Department of Revenue.

*Original authority: 287.280, RSMo 1939, amended 1957, 1965, 1974, 1980, 1981, 1993, 1995 and 374.045, RSMo 1967, amended 1993, 1995.

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