Connecticut Statutes

§ 38a-1014 — Classifications and rating. Premium contributions. Audits. Hearings.

Connecticut·Title 38a Insurance·Ch. 706 Private Employer Workers' Compensation Group Self-Insurance
(a)Every workers' compensation self-insurance group shall adhere to the uniform classification system, uniform experience rating plan and manual rules filed with the commissioner.
(b)Premium contributions to the group shall be determined by applying the manual rates and rules to the appropriate classification of each member which shall be adjusted by each member's experience credit or debit. Subject to approval by the commissioner, any premium contributions may also be reduced by an advance premium discount factor reflecting the groups expense levels and loss experience.
(c)Notwithstanding the provisions of subsection (b) of this section, a group may apply to the commissioner for permission to utilize its own rates. Such rates shall be based on at least five years of experience of the m

Free access — add to your briefcase to read the full text and ask questions with AI

Connecticut § 38a-1014 (Classifications and rating. Premium contributions. Audits. Hearings.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

(P.A. 96-267, S. 15.)

Nearby Sections

15
View on official source ↗