MI HB5487

Modifies annual assessment calculations for the second injury fund and silicosis/dust disease/logging industry compensation fund to equal 175% of prior year disbursements minus net assets exceeding $200,000.

Establishes assessment allocation methodology based on proportional paid losses for self-insurers and direct premiums written for insurers, with individual carrier assessments calculated as a percentage of their respective totals.

Increases the self-insurers' security fund assessment limit from 3% to 3.5% for 2015-2019 exclusively for Delphi corporation and Delphi automotive systems corporation employee claims, contingent on a $15,000,000 appropriation and actuarial confirmation of need.

Requires annual financial reports by March 31 of each year detailing the self-insurers' security fund's assets, liabilities, cash flow, future liabilities, and claims management metrics for public disclosure.

Imposes interest accrual at civil judgment rates for assessments unpaid 90 days after notice and 1% monthly penalties beginning 181 days after notice, with a $25 minimum waiver threshold.