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SCS/SB 360 - Under current law, the director of the Division of Workers' Compensation is required to collect a supplemental surcharge not to exceed three percent of the policyholder's or self-insured's workers' compensation net deposits, net premiums, or net assessments for the previous policy year, rounded up to the nearest one-half of a percentage point. This provision expires December 31, 2021. This act extends that expiration date to December 31, 2025. The act also lowers the maximum amount of the surcharge to 2.5% of the policyholder's or self-insured's workers' compensation net deposits, net premiums, or net assessments for the previous policy year, rounded up to the nearest one-half of a percentage point. This act is substantially similar to a provision in the trul agreed to and finally passed CCS/HCS/SB 303 (2021), HB 348 (2021), SCS/HCS/HB 384 (2021), and a provision in the truly agreed to and finally passed SCS/HB 604 (2021). SCOTT SVAGERA
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