Outsourcing Article

Workers’ Compensation Insurance Policy

Second Semester Payment – Preliminary Premium 2020-2021.
Contents

The Puerto Rico Workers’ Compensation Insurance Policy (CFSE by its Spanish acronym) establishes the payment of the preliminary premium in two semesters.  It is the responsibility of the employers to comply with the payments within the dates established to maintain the validity of the current policy.

  • The CFSE issued the Workers’ Compensation Premium Notice for the Final Premium Statement of the fiscal year 2019-2020 and the Preliminary Premium 2020-2021, please remind the final payment for the second semester premium (2020-2021) due during January or February 2021; depending on premium filing date.
  • Every insured employer must meet the payment requirements of any outstanding balance during the first or second semester of the Preliminary Premium 2020-2021. Failure to pay full amount of premiums within the specified terms, will result in the suspension of the insurance coverage.  Employers may qualify for a 30-day extension of unpaid balance upon written request to the CFSE.  Payments can be made in cash at the right Regional Office and by mail, using personal check, money order or certified check.  In addition, payments can be made by electronic transfer or through the interactive website using electronic checks.
  • The employers who have not received the Workers’ Compensation Premium Notice should contact the CFSE Regional Office or can access their own CFSE interactive account, to prevent the suspension of the insurance coverage.

Links:

CFSE Website

CFSE Online Account

CFSE Forms – Classifications Manual 20-21

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