Comments Minimal at Today’s Division of Workers’ Compensation Rule Development Workshop on Proposed Self-Insurance Rules
Aug 1, 2011
Today, August 1, 2011, the Florida Department of Financial Services’ Division of Workers’ Compensation held a workshop on amendments to Rules 69L-5.205 and 69L-5.217 relating to Loss Data Reporting and Civil Penalties and Fines for Self-Insurers, respectively.
The proposed changes would eliminate the requirement for former self-insurers to submit Form DFS-F2-SI-17 (also known as the Unit Statistical Report) for three years. Rather, a self-insurer would submit the report until the loss data for the final period of authorization has been reported.
Further, the changes would reduce the penalties for late-filed forms, reports and documents. The fine for filing 15 to 30 days late would be reduced from $2,500 to $500. Fines for forms filed 31 to 60 days late would be reduced from $5,000 to $1,000. The total penalty under this section is reduced from $25,000 to $10,000.
Public comments on the changes offered at today’s hearing were minimal and technical in nature.
Next, a notice for a hearing on the changes to the proposed Rules will be issued and a hearing held, if requested. Colodny Fass will continue to monitor this issue for any new developments.
A copy of the proposed Rule changes is attached for review.
Should you have any questions or comments please contact Colodny Fass.
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