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VA SB520
Bill
Status
2/27/2026
Primary Sponsor
Creigh Deeds
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AI Summary
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Amends Virginia Code § 65.2-1201 to explicitly authorize payment of administrative costs from the Uninsured Employer's Fund, including third-party administrator fees, legal fees, medical audit fees, salaries, benefits, and other direct expenses
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Specifies that administrative costs paid from the fund are not subject to recoupment under § 65.2-1204, meaning the state cannot recover these expenses from uninsured employers
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Maintains the existing tax structure of up to 0.5% assessed on employers to fund compensation benefits for workers injured while employed by uninsured or self-insured employers
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Retains the provision suspending the tax for any calendar year when the fund balance exceeds the next year's budgeted expenditures
Legislative Description
Uninsured Employer's Fund; administrative expenses.
Last Action
Governor's Action Deadline 11:59 p.m., April 13, 2026
3/10/2026