Pennsylvania Insurance Department waives Workers’ Compensation Security Fund contributions for 2026
As of the evaluation date, the fund’s balance exceeded $500 million, waiving industry contributions
Pennsylvania Insurance Department waives Workers’ Compensation Security Fund contributions for 2026
RISK, COMPLIANCE & LEGAL
By Kiernan Green
Feb 23, 2026

In Notice 2026-05 published February 21, 2026 (56 Pa.B. 1084), the Pennsylvania Insurance Department said during calendar year 2026, no contributions will be required to maintain the balance of the state’s Workers’ Compensation Security Fund.

The Department would require insurance industry members forward contributions if the Fund’s balance were reduced below $500,000,000, according to Section 9(1) of the Workers’ Compensation Security Fund Act (77 P.S. § 1059(1)). As of its evaluation dated December 31, 2025, the Fund’s balance exceeded $500 million, the Pennsylvania Insurance Department reported.

Pennsylvania’s Workers’ Compensation Security Fund functions as a guaranty fund that pays state workers’ compensation benefits when the insurer that provided coverage is placed into court-ordered liquidation.

The Pennsylvania Insurance Department stated that insurers writing workers’ compensation insurance in the Commonwealth of Pennsylvania will not be required to submit contributions to the Fund in 2026, a point issued by Insurance Commissioner Michael Humphreys.

Related Stories
Free newsletter

We'll keep you up-to-date with the latest breaking news, cutting edge opinion, and expert analysis affecting both your business and the industry as whole.

Free newsletter

Our daily newsletter is FREE and keeps you up - to - date with the world of Insurance. Please complete the form below and click on subscribe for daily newsletters from IB US.