Yes. The WCATF Assessment is required by Section 440.51, Florida Statutes.

There is established in the Florida State Treasury a special fund to be known as the "Workers' Compensation Administration Trust Fund" for the purpose of providing for the payment of all expenses in respect to the administration of Chapter 440, Florida Statutes. The fund is administered by the Division of Workers’ Compensation.

The WCATF is maintained by annual assessments upon all of:

• The insurance companies writing compensation insurance in the state,
• The commercial self-insurers under Sections 624.462, Florida Statutes,
• The commercial self-insurers under Section 624.4621, Florida Statutes,
• The assessable mutual insurers as defined in Section 628.6011, Florida Statutes,
• And the self-insurers under Chapter 440, Florida Statutes.

These assessments shall become due and be paid quarterly as provided in Section 440.51, Florida Statutes, at the same time, and in addition to the SDTF Assessments.

This link shows a pie chart detailing how the funds are required to be allocated under Florida law: Link to Pie Chart.

The net premiums collected by carriers plus the discount that had been applied to any deductible plans and the amount of premiums calculated by the division for self-insured employers are the basis for computing the amount to be assessed by the WCATF. When reporting deductible policy premium for purposes of computing assessments, full policy premium value must be reported prior to application of deductible discounts or credits.

Yes, the Department may require reports from each carrier in respect to all gross earned premiums.

Such amounts shall be paid within 30 days from the date that notice is served upon such carrier or 30 days after notification is sent, whichever is later.

If such amounts are not paid within the required time period, there may be assessed for each 30 days that the amount so assessed remains unpaid, a civil penalty equal to 10 percent of the amount so unpaid.

If any carrier fails to pay the amounts assessed against him or her under the provisions of this section within 60 days from the time such notice is served upon him or her, the office, upon being notified by the department, may suspend or revoke the authorization to insure compensation in accordance with the procedure in Section  440.38(3)(a), Florida Statutes.

All payment must be accompanied by an invoice obtained through the web-based START System. Your WCATF assessment must be paid at the same time as the SDTF Assessment.

Send payment using US Postal Service Mail:

Division of Workers’ Compensation
Assessment Unit
P.O. Box 7300
Tallahassee, FL 32399-7300

Send payment using Overnight Courier:

Division of Workers’ Compensation
Assessment Unit
200 E Gaines St
Tallahassee, FL 32399-4221

Mark Reichmuth
200 East Gaines Street
Tallahassee, FL 32399-4221
(850) 413-1753
Mark.Reichmuth@MyFloridaCFO.com