Current through Register Vol. 54, No. 45, November 9, 2024
Section 121.32 - Office of Small Business Advocate(a) The Bureau may collect annual assessments imposed on insurance carriers, but not on self-insured employers or runoff self-insurers, for the purpose of funding the Office of Small Business Advocate in accordance with section 1303 of the act (77 P. S. § 1041.3). Insurance carriers shall be directly liable to the Bureau for prompt payment of assessments for the Office of Small Business Advocate, as provided in the act and this chapter.(b) Annual assessments under section 1303 of the act shall be in amounts as determined by the following formula: | Amount of Compensation Paid by an Insurance Carrier, but not a Self-insured Employer or Runoff Self-insurer, During the Preceding Calendar Year |
| ______________ | x | The Approved Budget of the Office of Small Business Advocate for the Current Fiscal Year |
| Total Amount of Compensation Paid by All Insurance Carriers, but not Self-insured Employers or Runoff Self-insurers, During the Preceding Year |
The provisions of this §121.32 adopted May 14, 1999, effective 5/15/1999, 29 Pa.B. 2649; amended August 3, 2007, effective 8/4/2007, 37 Pa.B. 4181.The provisions of this §121.32 issued under section 2218 of The Administrative Code of 1929 (71 P. S. § 578).