§ 8-45-105 — Places of employment classified - amount of premiums

(1) The
board may classify the places of employment of employers insured by Pinnacol
Assurance into classes in accordance with the nature of the business in which they
are engaged and the probable hazard or risk of injury to their employees. It shall
determine the amount of the premiums that such employers shall pay to Pinnacol
Assurance, and may prescribe in what manner such premiums shall be paid, and
may change the amount thereof both in respect to any or all of such employers as
circumstances may require, and the condition of their respective plants,
establishments, or places of work in respect to the safety of their employees may
justify. All such premiums shall be levied on a basis that shall be fair, equitable, and
just as among such employers.

(2) (Deleted by amendment, L. 2002, p. 1871, � 5, effective July 1, 2002.)

Legislative History

Source: L. 90: Entire article R&RE, p. 535, � 1, effective July 1. L. 2002: Entire section amended, p. 1871, � 5, effective July 1.