§ 85A-206. Annual fee - Assessments.

A.  In addition to the premium or surplus lines taxes collected from carriers, the carriers shall pay annually to the Workers' Compensation Commission a fee, at the rate to be determined as provided in Section 115 of this act but not to exceed three percent (3%), on all written premiums resulting from the writing of insurance under this act on risks within the state.

B.  The fee required pursuant to subsection A of this section shall be collected by the Workers' Compensation Commission from the carriers at the same time and in the same manner as insurance premium taxes under Title 36 of the Oklahoma Statutes and deposited into the Oklahoma Option Insured Guaranty Fund.

C.  1.  Assessments on which premium taxes are based shall be made on forms prescribed by the Commission and shall be paid to the Commission.

2.  Absent a waiver obtained from the Commission for good cause, the failure of the carrier to pay the assessment when due shall be referred to the Commissioner for appropriate administrative action against the Oklahoma certificate of authority of the delinquent insurer.

D.  Payments shall be made by check payable to the Commission.

Added by Laws 2013, c. 208, § 113, eff. Feb. 1, 2014.