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192-550-020  <<  192-550-030 >>   192-550-040

PDFWAC 192-550-030

How will the department calculate interest on delinquent payments?

(1) When an employer fails to remit payment by the due date, the remaining unpaid balance shall accrue interest at a rate of one percent, compounded monthly, until payment is received in full.
(2) The department will issue a notice to employers whose payments are delinquent. The notice will include the total amount due for all applicable premiums, penalties, and interest under Title 50A RCW.
[Statutory Authority: RCW 50A.04.215. WSR 18-22-080, ยง 192-550-030, filed 11/2/18, effective 12/3/18.]
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