The Missouri General Assembly passed a new law that modifies how taxes are calculated for workers compensation policies with deductible options.SB 385 establishes that when calculating administrative surcharges, the amount shall be based upon the total premiums that would have been paid for the deductible portion. The Second Injury Fund surcharge owed by the employer who purchases a deductible policy will be assessed upon the total premiums, which would have been paid in the absence of the deductible option. The premium taxes owed pursuant to Chapter 287, RSMo, for workers' compensation poli...
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