R698-8-5. Annual Payment of Premiums

(1) A participating agency shall continue to submit annual premium payments to the department in order to continue to participate in the trust fund. (2) Annual premium payments shall be submitted to the department no later than June 30 of each year and shall be accompanied by an updated certificate of eligible employees form that identifies the number of eligible members as of March 31. (3) If a participating agency fails to submit a premium payment as required in this subsection, the department shall notify the participating agency of the delinquency in premium payments. (4) If after receipt of a delinquency notice the participating agency fails to submit the annual premium payment within 30 days of the date of the notice, the department shall: (a) notify the participating agency that the employer is no longer considered to be a participant in the trust fund; and (b) include in the notice the total amount of premiums paid by the employer into the trust fund.