SECTION 624.4415. Assessments.
Latest version.
1(1) 2All multiple-employer welfare arrangements shall provide that employers are assessable in accordance with this section.
17(2) 18Each multiple-employer welfare arrangement may assess all employers if its prior fiscal year statement of operations reflected a loss.
37(3) 38Each multiple-employer welfare arrangement shall assess all employers if the arrangement’s fund balance at the end of any accounting period is less than the fund balance required by statute.
67(4)(a) 68The minimum assessment shall be the amount necessary to comply with the requirements of s. 83624.439284. Each employer’s assessment shall be computed by applying the earned premium for each employer’s plan of benefits during the prior fiscal year as a percent of the amount of the total of all employers’ earned premium for the same year. Each employer’s assessment shall be that employer’s percent times the total assessment levied. 138(b) 139In the event members fail to pay assessments, the other members shall be liable on a proportionate basis for an additional assessment.
161(c) 162The multiple-employer welfare arrangement, acting on behalf of all members who paid the additional assessment, shall institute legal action, when necessary and appropriate, to recover the assessment from the members who fail to pay their assessment.
History.-ss. 4, 5, ch. 88-116; ss. 32, 187, 188, ch. 91-108; s. 4, ch. 91-429.
Bills Cite this Section:
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Cited by Court Cases:
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