Assessment Information - Florida Employers Safety Association Self
Insurers Fund ("FESA")
The supplemental order reduced my assessment which I paid before the original deadline. When will I get my refund?
The Receiver asked the Leon County Circuit Court to refund to those FESA members who paid the discounted initial assessment the difference between the amount of that payment and the amount that those members would have had to pay under the discounted revised assessment. The court granted the Receiver’s motion and ordered a refund, the refunds have been mailed.
I can't afford to pay this assessment, and the installment/payment plan is only available to members who owe $5,000 or more. Is there any way that a payment plan can be set for members who owe less than $5,000?
You should charge the assessment to your credit card or obtain financing from your bank
.
Once I have paid my assessment, will I receive a written document indicating that I am no longer subject to future assessment?
No. The Supplemental Order stipulates that members who timely pay will not be subject to future assessment and your payment acts as a release.
I paid the Total Assessment, not the Discounted Assessment, on the original order. Will I also be exempt from future assessments?
Yes.
If I set up a payment plan and began payments on or before August 7, 2000, will the payments be based on the Total Assessment, or the Discounted Assessment?
If you sent us your request to pay under the Installment Payments Plan prior to August 7, 2000, then you will only have to pay the discounted amount, unless you default on your payments.
My company closed years ago. Why do I have to pay an assessment for a defunct company?
When you signed the application for worker's compensation coverage with FESA, you agreed, along with all the other policyholders, to contribute funds to cover any financial deficits in the event that FESA did not have enough money to cover all claims.
Does payment have to be received by August 7, 2000, or be postmarked on or before August 7, 2000, to receive the discount?
Payment must have been postmarked on or before August 7, 2000, to receive the discount.
Why was the assessment revised?
In April, the receivership court held an evidentiary hearing on the calculation of the assessment. The court has upheld the amount of the losses to FESA calculated by the Receiver. The court, however, decided that instead of charging all policyholders an additional amount to recover uncollectible assessments, that amount would be charged only to policyholders who do not pay the discounted assessment (or who do not elect to pay on the installment basis) by August 7, 2000.
What are uncollectible assessment?
Uncollectible assessments are assessments that the Receiver is unable to collect from policyholders. For example, some policyholders may be bankrupt and will be unable to pay their shares of the assessments. These uncollectible amounts represent uncollectible assessments that must be recovered from the other policyholders.
Is it possible that the assessment will be further revised?
It is highly unlikely that the assessment will be further revised.
What happens if I don't object or pay by August 7th?
In accordance with the Second Assessment Order, the Receiver will seek a judgment against you for the full amount of the revised assessment
.
My previous invoice didn't show any unearned premium, but this one does. Why?
During the interim, the Receiver finalized or revised your earned premium, which resulted in your being entitled to a credit for unearned premium you paid to FESA
.
This is the first I have heard of this matter. I have not previously received any bills or notices. Why? Can I still object?
The Receiver obtained a better address for you. You may object, but the court has already determined that it will not further consider certain defenses to the assessment. Your objection must be based on some other matter.
I previously requested a payment plan. Do I have to request one again?
Yes. Please return the Payment Advisement or Request for Installment Payments
that was in your package. This will assist in the Receiver’s record keeping and
will help avoid any dispute about whether you requested to pay in installments.
Can the interest on the promissory note be waived or lessened?
No.
Can the length of the promissory note vary from the terms set out in the notice?
No. If, however, you cannot afford to pay according to the terms of the Installment Payment plan, you will need to send the Receiver a letter proposing a payment plan that you can abide by. The Receiver will have to have your proposal approved by the Receivership court.
When does interest start to accrue?
August 7, 2000.
Is there a penalty if I make an installment payment a few days late (i.e. late charge)?
Penalties are assessed in accordance with the terms of your promissory note. The payment coupons provided by the Receiver show the amount of each month’s late charges.
I want to offer a settlement. Who do I speak to?
If you cannot afford to pay the assessment, even in installments, then you should send a proposal to the Receiver as to what you can afford to pay. The Receiver will consider your request. You will be required to demonstrate that you cannot pay the discounted amount or according to the Installment Payment plan terms. If satisfied of your inability to pay, the Receiver will have to obtain approval from the court for you to pay a reduced amount.
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