Regulatory Alerts2024-05-22
Order on the Financing of Certain Compensation Paid by the Labour Market Work Injury Insurance under the Work Injury Insurance Act and the Act on Insurance against Consequences of Work Injury
The Danish Ministry of Employment issues this order to establish the financing rules for compensation paid by the Labour Market Work Injury Insurance under the Work Injury Insurance Act and the Act on Insurance against Consequences of Work Injury. It mandates that insurance companies, agencies, and private self-insured employers contribute to these costs based on their share of actual work injury expenses, including permanent injury and loss of earning capacity. The order details the calculation of advance payments, annual adjustments, interest handling, and specifies that the previous 2019 order is repealed while this one enters into force on July 1, 2024.
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