The Florida Division of Workers' Compensation is proposing to cut penalties for self-insurers who fail to file forms and reports on time.
The changes would drop the maximum penalty for late filings, from $10,000 to $5,000, and were proposed after some insurers complained that they were facing stiff penalties just for missing a deadline on a single form, said Dwayne Manning, insurance administrator at the division.
"We try not to penalize too much. We just want them to be in compliance," Manning said.
In particular, one form, S1-19, seemed to be giving the employers trouble, he said. The two-page form lets the company certify that it is self-insured and show how claims are handled.
The new rule would keep the current penalty structure of $100 for filings that are up to 14 days late; $500 for filings 15 to 30 days late; and $1,000 for filings 31 to 60 days late. But the proposed rule would drop the penalties for filings beyond 60 days, from $100 per late day, to $50.
The most that the division could charge late filers would drop, to $5,000.
If the division receives a request in writing, it will hold a workshop about the proposed changes at 10 a.m. July 24 at the Hartman Building in Tallahassee. Requests can be made by contacting Manning at Dwayne.Manning@MyFloridaCFO.com.
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