An Act amending the act of July 1, 1937 (P.L.2532, No.470), known as the Workers' Compensation Security Fund Act, providing for a refund of a 2009 assessment by the Insurance Department.

This bill directs the Pennsylvania Insurance Department to issue refunds to insurance carriers that paid a specific assessment in 2009 related to the Workers' Compensation Security Fund. To qualify for the refund, which includes the original amount plus interest, carriers must submit a verification form within 60 days of a public notice, while companies that went into liquidation in 2009 are excluded. The legislation also requires the department to report the total amount of refunds issued to state legislative committee chairs within 180 days of the process concludes.