Kansas Statutes 74-712. Workers’ compensation law, expense of administration; estimate; determination by legislature; proration among insurance carriers, self-insurers and group-funded workers’ compensation pools; duties of director
The expense of the administration of the workers’ compensation law shall be financed in the following manner:
(a) The director of workers’ compensation shall estimate as soon as practicable after January 1 of each year the expenses necessary for the administration of the workers’ compensation law for the fiscal year beginning on July 1 thereafter. Such estimate shall be provided to the legislature, and the legislature shall determine the amount of administrative expense to be obtained under the provisions of this act from workers’ compensation insurance carriers, self-insurers and group-funded workers’ compensation pools and the amount of such expense to be obtained from other sources; such carriers’ and self-insurers’ and group-funded workers’ compensation pools’ share of such expense shall be called “carrier’s share of expense”;
Terms Used In Kansas Statutes 74-712
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Kansas Statutes 77-201
(b) the carrier’s share of expense, as determined in subparagraph (a) hereof, shall be prorated among the insurance carriers writing workers’ compensation insurance in the state, self-insurers and group-funded workers’ compensation pools.
The director shall determine the total amount of benefit payments made pursuant to the workmen’s compensation act, paid out as a result of injuries received in the state of Kansas for the immediately preceding calendar year, and the director’s determination shall be conclusive. The director shall list the amount of workers’ compensation benefits paid as a result of injuries received in the state of Kansas and paid by each workers’ compensation insurance carrier, self-insurer and group-funded workers’ compensation pool during such period.