The Department of Industrial Accidents (DIA) has announced their official assessment rates of 5.8%, to be applied to policies effective July 1, 2014 and thereafter. The previous rate was 3.4%.
The assessment rate is applied to your premium developed after including your Experience Modification factor, but before any deviations, ARAP surcharges or deductible credits. The assessment does not apply to premium developed from Admiralty classes or classes whose rate has been adjusted to reflect USL&HW exposure.
Very truly yours,
DeSanctis Insurance Agency, Inc.
