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Get Workers'' Compensation Mitf Assessment Report - Ok

WC-10-A Revised 4-2015 ASI Workers Compensation Multiple Injury Trust Fund (MITF) Assessment Report -Office Use Only- Use For Assessment Period 7-1-14 thru 6-30-15 (Individual Self-Insured Employers).

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How to fill out the Workers' Compensation MITF Assessment Report - Ok online

Completing the Workers' Compensation MITF Assessment Report - Ok is an essential process for self-insured employers to report their assessments accurately. This guide will provide straightforward, step-by-step instructions to help users navigate the online form with confidence.

Follow the steps to successfully complete the assessment report.

  1. Click 'Get Form' button to access the Workers' Compensation MITF Assessment Report - Ok and open it in your chosen editor.
  2. Locate the section for the assessment period. Enter the quarter ending date where prompted to specify the reporting period.
  3. If this report is an amended submission, mark the box next to 'Amended Report' by placing an 'X' in the designated area.
  4. Input the Federal Employer Identification Number in the specified field to identify your organization.
  5. Fill in the name of your self-insured employer clearly in the provided space.
  6. Enter your Own Risk Permit Number in the corresponding field to verify your compliance status.
  7. Provide the street address, city, state, and zip code of your organization in the designated fields to ensure accurate correspondence.
  8. Include the email address of the contact person in the relevant section for follow-up communications.
  9. Report actual paid losses for the quarter, excluding any loss adjustment expenses and reserves, in the indicated area.
  10. Calculate the Multiple Injury Trust Fund assessment, which is 6% of the amount recorded in the previous step, and enter that figure in the proper section.
  11. The designated representative must sign the report, including their printed name, title, and contact number, to certify the authenticity of the information provided.
  12. Review all entered information for accuracy, then proceed to save your changes, print the report, or share it as necessary.

Complete your Workers' Compensation MITF Assessment Report - Ok online to ensure timely compliance.

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The Multiple Injury Trust Fund (MITF) is a creature of statute (85 O.S. and 85A O.S.) which pays permanent total disability benefits as ordered by the Oklahoma Court of Existing Claims and Oklahoma Worker's Compensation Commission. MITF pays 90% of Oklahoma's permanent disability.

Injured workers must contribute three percent of any settlements or awards they receive to the MITF. Injured workers cannot collect “double” benefits from other state funds if they began their injury claims in a different state.

Amount: compensation is equal to 70% of the difference between the employee's average weekly wages and the employee's wage-earning capacity in the same employment or otherwise, if less than before the injury. It may not exceed 80% of the employee's average weekly wages at the time of the accident.

You may receive TTD benefits for as long as you are unable to work, subject to certain limitations. The maximum duration of TTD benefits is 156 weeks, unless there is a consequential injury, in which case the Court may award an additional 52 weeks.

Percentage of Wages: Compensation for TTD is 70% of the injured worker's average weekly wage, but this amount is capped at 100% of the state's average weekly wage.

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