PRINTER'S NO. 1709
THE GENERAL ASSEMBLY OF PENNSYLVANIA
SENATE BILL
No.
1245
Session of
2024
INTRODUCED BY ROTHMAN, JUNE 10, 2024
REFERRED TO BANKING AND INSURANCE, JUNE 10, 2024
AN ACT
Amending the act of July 1, 1937 (P.L.2532, No.470), entitled
"An act to establish funds to provide security for the
payment of benefits in event of the insolvency of an
insurance carrier authorized to write workmen's compensation
insurance in this Commonwealth; and to provide for the
administration thereof," providing for a refund of a 2009
assessment by the Insurance Department.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. The act of July 1, 1937 (P.L.2532, No.470), known
as the Workers' Compensation Security Fund Act, is amended by
adding a section to read:
Section 9.1. (1) A carrier may submit a form developed
under paragraph (3) to the Insurance Department for a refund of
the assessment paid by the carrier as required by Notice 2010-01
published at 40 Pa.B. 498 (January 16, 2010). The amount of the
refund shall equal the amount of the assessment, plus interest.
(2) Within thirty days of the effective date of this
section, the Insurance Department shall submit notice to the
Legislative Reference Bureau for publication in the next
available issue of the Pennsylvania Bulletin advising carriers
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
of the availability of a refund. The notice shall include:
(i) The name of each carrier eligible for a refund.
(ii) The names, addresses, email addresses and telephone
numbers of d epartment officials responsible for responding to
questions regarding the refund.
(iii) An Internet link to the d epartment 's form.
(iv) The form submission process and the date on which forms
are due to the d epartment .
(3) The Insurance Department shall develop the form to be
used by a carrier requesting a refund. The form must require
sufficient information for the department to verify the
information submitted by the carrier.
(4) To be eligible to receive a refund under this section,
the carrier must submit the form within sixty days of the date
of the notice in the Pennsylvania Bulletin.
(5) The Insurance Department shall issue a refund to the
carrier within sixty days of receipt of the form for the amount
of assessment verified by the department in accordance with this
section.
(6) A carrier in liquidation in calendar year 2009 may not
receive a refund under this section.
(7) No later than one hundred eighty days after the final
refund under paragraph (5) is made, the Insurance Department
shall report the aggregate amount of refunds requested and made
under this section to the following:
(i) The chairperson and minority chairperson of the
Appropriations Committee of the Senate.
(ii) The chairperson and minority chairperson of the
Appropriations Committee of the House of Representatives.
(iii) The chairperson and minority chairperson of the
20240SB1245PN1709 - 2 -
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
Banking and Insurance Committee of the Senate.
(iv) The chairperson and minority chairperson of the
Insurance Committee of the House of Representatives.
Section 2. This act shall take effect immediately.
20240SB1245PN1709 - 3 -
1
2
3
4