CT HB05201

Modifies penalty calculations for late payments to the Second Injury Fund by changing "fifteen per cent or a minimum of fifty dollars" to "fifteen per cent or fifty dollars, whichever is greater"

Maintains six percent annual interest rate on unpaid assessment and surcharge audits, with interest accruing thirty days after notice for self-insured employers and from date of postal notice for insurance companies

Requires partial payments to be applied first to unpaid penalties, then to unpaid interest, with remainder applied to unpaid assessment or surcharge

Establishes three separate accounts within the Second Injury Fund: operating account for fund administration costs, settlement account for claim disbursements, and finance account for bonding purposes

Applies penalties and interest when assessment or surcharge reports or payments are postmarked after the designated due date