When is the interim report due?

When is the interim report due?

• A. Private: December 1; Public: June 1
• B. Private: January 1; Public: July 1
• C. Private: June 1; Public: December 1
• D. Private: June 15; Public: December 15

Answer: (C)

The interim report is a mid-year financial update required for self-insured workers’ compensation plans to stay solvent and compliant. Separate due dates exist for private and public plans to reflect their different operating and accounting cycles. For privately funded self-insurance plans, the interim report is due June 1, providing a mid-year financial snapshot for review. For public plans (such as cities or counties), the due date is December 1, aligning with their distinct fiscal-year timing. This structure helps the regulating body monitor financial health and reserves throughout the year, ensuring continued authorization to self-insure.

The interim report is a mid-year financial update required for self-insured workers’ compensation plans to stay solvent and compliant. Separate due dates exist for private and public plans to reflect their different operating and accounting cycles. For privately funded self-insurance plans, the interim report is due June 1, providing a mid-year financial snapshot for review. For public plans (such as cities or counties), the due date is December 1, aligning with their distinct fiscal-year timing. This structure helps the regulating body monitor financial health and reserves throughout the year, ensuring continued authorization to self-insure.