4123-17-06 Private employer contributions to the state insurance fund.

 

4123-17-06                  Private employer contributions to the state insurance fund.

 

 

The administrator of workers' compensation, with the advice and consent of the workers' compensation oversight commission, has authority to approve contributions made to the state insurance fund by employers pursuant to sections 4121.121, 4123.29, and 4123.34 of the Revised Code. The administrator hereby sets the BWC manual classification expected loss rates, the NCCI manual classification base rates, and NCCI manual classification expected loss rates per one hundred dollar unit of payroll to be effective July 1, 20012002, applicable to the payroll reporting period July 1, 20012002, through June 30, 20022003, for private employers as indicated in the attached appendix A and appendix B.

 

Effective July 1, 2002, an employer that is not participating in the group rating program will receive a discount of 9.4 per cent from its pure premium rate. This discount is applied before the administrative cost, DWRF and additional DWRF assessments. Note that the base rates filed in the attached appendix A have been increased by 7.3 per cent to allow for this discount.

 

 

Effective:                                7/1/2002

 

 

CERTIFIED ELECTRONICALLY

 

Certification

 

06/20/2002 12:43 PM

 

Date

 

 

 

Promulgated Under:   111.15

Statutory Authority:   4121.121

Rule Amplifies:           4123.29, 4123.34

Prior Effective Dates: 7/1/90, 7/1/91, 7/1/91 (emer.,

Sec. 35, Am. S.B. 206), 7/1/92, 7/1/93, 7/1/94, 7/1/95,

7/1/96, 7/1/97, 7/1/98, 7/1/99,

7/1/00, 7/1/01