Bill
Bill > HB4628
WV HB4628
Relating to authorizing the redirection of amounts collected from certain surcharges and assessments on workers' compensation insurance policies for periods prior to January 1, 2019
summary
Introduced
02/23/2018
02/23/2018
In Committee
03/07/2018
03/07/2018
Crossed Over
02/28/2018
02/28/2018
Passed
03/09/2018
03/09/2018
Dead
Signed/Enacted/Adopted
04/17/2018
04/17/2018
Introduced Session
2018 Regular Session
Bill Summary
Relating to authorizing the redirection of amounts collected from certain surcharges and assessments on workers' compensation insurance policies for periods prior to January 1, 2019
AI Summary
This bill authorizes the redirection of amounts collected from certain surcharges and assessments on workers' compensation insurance policies for periods prior to January 1, 2019. Specifically, it allows the Governor to redirect a portion of the deposits of the amounts collected from these surcharges and assessments to the General Revenue Fund, rather than to the Workers' Compensation Debt Reduction Fund, until the unfunded liability of the Old Fund (the former workers' compensation system) has been paid or provided for in its entirety. The bill also terminates the assessment of these surcharges after December 31, 2018, but maintains liability for any surcharges assessed prior to that date until they are paid.
Committee Categories
Budget and Finance
Sponsors (9)
Eric Nelson (R)*,
George Ambler (R),
Brent Boggs (D),
Paul Espinosa (R),
Cindy Frich (R),
William Hartman (D),
Rodney Miller (D),
Erikka Storch (R),
Steve Westfall (R),
Last Action
Chapter 247, Acts, Regular Session, 2018 (on 04/17/2018)
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