The Industrial Commission of Arizona is holding a public hearing May 26 to gather information regarding a 0.5% assessment.
Carriers pay an assessment equal to 1% of premiums to cover obligations of the state’s Special Fund. Self-insured employers are assessed 1% of claim costs.
The commission can levy an additional 0.5% assessment if the total annual reserved liabilities of the Special Fund exceed $6 million.
The commission will accept public comments about the assessment at 1 p.m. May 26 as part of its scheduled meeting.
The commission will also accept written comments until the clo...
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