New Rule Allows Commission to Audit Premium Tax Payments

Arkansas workers' compensation carriers will be required to submit policyholder information to the Workers' Compensation Commission so that it can verify accurate payment of premium taxes under a new rule that takes effect July 1, according to a notice in the latest edition of the state Register. Rule 099.40 requires carriers to submit any information that carriers use to determine written manual premium, as defined in Arkansas Code Annotated Section 11-9-303, according to a public hearing notice the commission posted on its website on Dec. 3."A carrier's failure to comply with the...