HB1966: Workers' compensation; failure to timely pay compensation.

Legislative Summary

Workers' compensation; failure to timely pay compensation. Requires, after the first occurrence of a failure to timely pay compensation under the Virginia Workers' Compensation Act and upon the occurrence of any subsequent or successive failure to pay compensation, that an additional penalty be added to the unpaid compensation amount in an amount that increases from $100 for the first subsequent failure to pay compensation to $500 for the fifth and any subsequent failures to pay compensation. Current law requires a penalty of 20 percent of such unpaid compensation amount for failure to timely pay compensation.