For private self-insurers, the Self-Insurer's Annual Report is due by which date?

For private self-insurers, the Self-Insurer's Annual Report is due by which date?

• A. January 15
• B. April 1
• C. October 1
• D. March 1

Answer: (D)

Private self-insurers file an annual report to show they can meet their workers’ compensation obligations and to let the state review their financial health and compliance. The Self-Insurer’s Annual Report is due by March 1 each year, covering the prior calendar year. This March 1 deadline helps the agency review solvency and claims information in a timely way and supports orderly renewal of self-insurance authority. The report typically includes financial statements (assets, liabilities, net worth), details on self-insured payroll, outstanding and paid claims, and any reinsurance arrangements. Other dates aren’t the established deadline for private self-insurers, and missing the March 1 due date can lead to penalties or jeopardize continued ability to self-insure until the report is filed and reviewed.

Private self-insurers file an annual report to show they can meet their workers’ compensation obligations and to let the state review their financial health and compliance. The Self-Insurer’s Annual Report is due by March 1 each year, covering the prior calendar year. This March 1 deadline helps the agency review solvency and claims information in a timely way and supports orderly renewal of self-insurance authority. The report typically includes financial statements (assets, liabilities, net worth), details on self-insured payroll, outstanding and paid claims, and any reinsurance arrangements. Other dates aren’t the established deadline for private self-insurers, and missing the March 1 due date can lead to penalties or jeopardize continued ability to self-insure until the report is filed and reviewed.