Changes to Appropriations Act May Impact North Carolina Workers' Compensation Policies
According to a memo dated August 14, 2009, the North Carolina Industrial Commission has changed its policy for compromised settlements. Effective October 1, fees for North Carolina workers’ compensation compromised settlement agreements will be hiked up to $375.00. This change was made pursuant to section 14.15 of a bill passed earlier in the year, Session Law 2009-451. The Chair of the North Carolina Industrial Commission, Pamela Young, along with six commissioners, signed off on this change.
Who might this fee hike impact? Per the NCIC’s memorandum, a wide variety of parties might be affected. These might include self-insured employers, administrators, and carriers. Compromised North Carolina workers’ compensation settlements can get complicated, legally speaking, so it may behoove you to consult with an experienced professional to make sure that you file the correct paperwork to protect your rights as well as the rights of your employees (if they might be impacted by your decisions).
Carriers, administrators, and others who need to stay abreast of day to day changes in North Carolina workers’ compensation law can visit the NCIC website (www.ic.nc.gov) for an updated newsfeed about fee changes, conference bulletins, news, and other relevant information.
North Carolina Industrial Commission, Increase in Fees for Compromise Settlement Agreements
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