Department Accepting Requests for Assessment Refund Through Feb. 24

The Pennsylvania Insurance Department announced that it will accept requests for refunds of 2009 work comp security fund assessments through Feb. 24. A provision in the budget bill lawmakers passed this year required the department to issue a refund of the 2009 assessment to eligible carriers. The refund will be calculated using the amount of the 2009 assessment paid, plus 1.13% of simple interest. Interest will be applied from March 31, 2010 — the date the assessment was due — through Aug. 24. Carriers must submit an accurate online application for a refund by 5 p.m. on Feb. 24....