Section 125.208. Assessment of new group self-insurance fund

As a condition for the issuance of a permit to operate as a group self-insurance fund under Article VIII of the act (77 P. S. § § 1036.1—1036.18), an applicant shall submit to the Bureau the calculation of each member’s modified manual premium on a form prescribed by the Bureau. Following the receipt of the calculation forms and the commencement of the applicant’s group self-insurance status, the Bureau will issue a notice to the new group self-insurance fund assessing it for the guaranty fund based on 1/2% of the total of its members’ modified manual premiums. The new group self-insurance fund shall pay the assessment within 30 days of the receipt of the assessment.