1. (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.

2. (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		The Approved Budget of
   	x	the Office of Small
   Total Amount of		Business Advocate for
   Compensation		the Current Fiscal Year
   Paid by All Insurance Carriers, but not Self-insured Employers or Runoff Self-insurers, During the Preceding Year

Authority

The provisions of this § 121.32 issued under section 2218 of The Administrative Code of 1929 (71 P. S. § 578).

Source

The provisions of this § 121.32 adopted May 14, 1999, effective May 15, 1999, 29 Pa.B. 2649; amended August 3, 2007, effective August 4, 2007, 37 Pa.B. 4181. Immediately preceding text appears at serial pages (255609) to (255610).