State Fund has adopted a new credit/cancellation cycle for processing policyholders' payroll reports. Under the new procedure, policies will be subject to cancellation when payroll reports have not been received 30 days or more after solicitation.

This change is the result of streamlining our procedures and is consistent with industry practices on fair credit standards. This change in procedure does not alter other aspects of the payroll report process; payroll reports are still due within 10 days after solicitation.

Policyholders should note the importance of prompt submission of payroll reports due to the potential for cancellation if reports are submitted late.