Source: http://www.ica.state.az.us/divisions/administration/self-insurance-and-tax-office
Timestamp: 2016-09-26 00:09:21
Document Index: 668967557

Matched Legal Cases: ['§ 23', '§ 23', '§ 23', '§ 23', '§ 23', '§ 23', '§ 23', '§ 23', '§ 23', '§ 23', '§ 23', '§ 23', '§ 23']

HomeDivisionsAdministrationSelf-Insurance and Tax Office Self-Insurance and Tax Office Accounting Division - Self-Insurance and Tax OfficeClick for Phone List of ICA Divisions ADMINISTRATIVE AND SPECIAL FUND ASSESSMENT RATES FOR CY 2016 At the Commission's public meeting held on October 15, 2015, the Commission established the following Administrative and Special Fund assessment rates for calendar year (CY) 2016:1.50% Administrative Fund tax under A.R.S. § 23-961(G); and0.00% Special Fund assessment: 0.00% under A.R.S. § 23-1065(A) (for general Special Fund liabilities) and 0.00% under A.R.S. § 23-1065(F) (for apportionment liabilities).As a result of the foregoing action taken by the Commission, the total tax/assessment rate was reduced to 1.50% for CY 2016, which is a reduction from the 2.25% rate for CY 2015. ADMINISTRATIVE AND SPECIAL FUND ASSESSMENT RATES FOR CY 2015At the Commission's public meeting held on October 16, 2014, the Commission established the following Administrative and Special Fund assessment rates for calendar year (CY) 2015:1.50% Administrative Fund tax under A.R.S. § 23-961(J); and0.75% Special Fund assessment, which is allocated as follows: 0.58% under A.R.S. § 23-1065(A) (for general Special Fund liabilities); 0.17% under A.R.S. § 23-1065(F) (for apportionment liabilities); and 0.00% under A.R.S. § 23-966(D) (for insolvent carrier/bankrupt self-insured liabilities).As a result of the foregoing action taken by the Commission, the total tax/assessment rate was reduced to 2.25% for CY 2015, which is a reduction from the 3.5% rate for CY 2014. ADMINISTRATIVE AND SPECIAL FUND ASSESSMENT RATES FOR CY 2014At the Commission's public meeting held on September 4, 2013, the Commission established the following Administrative and Special Fund assessment rates for calendar year (CY) 2014:1.75% Administrative Fund tax under A.R.S. § 23-961(J); and1.75% Special Fund assessment, which is allocated as follows: 1.14% under A.R.S. § 23-1065(A) (for general Special Fund liabilities); 0.25% under A.R.S. § 23-1065(F) (for apportionment liabilities); and 0.36% under A.R.S. § 23-966(D) (for insolvent carrier/bankrupt self-insured liabilities).As a result of the foregoing action taken by the Commission, the total tax/assessment rate was reduced to 3.50% for CY 2014, which is a reduction from the 5.00% rate for CY 2013. INFORMATION ON OBTAINING ARIZONA WORKERS' COMPENSATION INSURANCEClick for list of insurance carriers authorized to write workers' compensation policies in ArizonaOrContact the Independent Insurance Agents & Brokers of America at www.iiaba.net. (Go to search for Agent or Broker. When conducting a search, a specific Agent or Broker name is not required. However, please be sure to put the City and State in required fields. This will populate a complete Insurance Agent and Broker list for Arizona.)Declined by two insurance carriers? You may qualify for the Assigned Risk Pool. For more information about the Assigned Risk Pool, please go to www.ncci.com. The Assigned Risk Pool information can be found under the residual market section of the website. The NCCI Assigned Risk can also be contacted at 505-242-1330 for more information. SELF-INSURANCE AUTHORITY INFORMATIONMinimum Qualifications for Applying for Self-Insurance AuthorityAnnual payroll of at least $2,000,000 (this may include the payroll of included subsidiaries)Total assets of $50,000,000 or a cash flow ratio of at least 0.25Have conducted business in Arizona for a minimum of 5 years (business can be conducted through a domiciled subsidiary company)Under the provisions of A.R.S. § 23-961 and § 23-961.01, the Self-Insurance Office processes all initial and renewal applications from individual or group employers requesting authority to act as a self-insured entity for workers' compensation. Application forms may be found here.Benefits of Being a Self-Insured Employer in ArizonaCost ControlDirect Medical CarePay losses directly and pay self-insured tax assessment amounts, not insurance premiums. TO ACCESS FORMS OR INSTRUCTIONS, CLICK ON A LINK BELOW.Carrier TaxesQuarterly Tax FormsAnnual Tax Forms SI TaxesQuarterly Tax FormsAnnual Tax Forms SI Miscellaneous(Renewal Forms, Security Forms, Instructions,& Pamphlets)Other Materials LINKS TO TABLES OF SELF-INSURED EMPLOYERS Table of Authorized Self-Insured EmployersTable of Authorized Self-Insured Employers That Direct Medical Care Self-Insurance SpecialistRenee PastorPhone: (602) 542-1839FAX: (602) 542-3070Email: renee.pastor@azica.gov Public Meeting Notices