2020 Assessment Reporting Update

Last November, the Florida Workers’ Compensation Insurance Guaranty Association (“FWCIGA”) notified you about its upcoming 2020 annual assessment process.  Pursuant to Section 331.914, Florida Statues, Members are required to file reconciliation reports with FWIGA within 120 days after 2020 assessment year and annually thereafter for three (3) years.  On March 1, 2021, Members received the first Annual Surcharge Reconciliation Affidavit through DocuSign to complete and return to FWCIGA by March 31, 2021. Completing the Affidavit is a simple process, similar to our quarterly filings submitted through DocuSign.  This Affidavit will combine data submitted in prior reports for Members to update policyholder surcharges reported and collected during 2020.

Just a reminder, our Board of Directors and staff continue to monitor FWCIGA’s liquidity and have determined that no additional assessment is needed after the 2020 Assessment Year.  Premiums and adjustments relating to 2020 policies, whether collected or adjusted in 2020 or thereafter, are part of the 2020 assessment process and will require ongoing remittance and reporting.  FWCIGA will continue its quarterly remittance process throughout calendar year 2021 as a convenience to our Members.

If you have any further questions, please do not hesitate to contact us at (866) 909-9200 or send us a comment at https://fwciga.org/contactus/.