North Dakota § 65-04-04.2 Basis of calculating premiums

North Dakota Statutes

§ 65-04-04.2 — Basis of calculating premiums

North Dakota § 65-04-04.2

Title 65Workforce Safety and Insurance

Ch. 65-04The Fund and Premium Payments Thereto

This text of North Dakota § 65-04-04.2 (Basis of calculating premiums) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 65-04-04.2 (2026).

Text

1.For each year, the amount of an employee's wages subject to premium calculations must be determined as an amount equal to seventy percent of the statewide average annual wage, hereafter referred to as limited payroll, rounded to the nearest one hundred dollars, determined by the organization on or before July first as calculated by job service North Dakota under subsection 3 of section 52-04-03.

2.The rates for each classification must be determined by:

a.Estimating the revenue needed by each employment classification;

b.Estimating the total limited payroll to be reported by all employers in each employment classification for the year; and

c.Dividing the estimated revenue needed by an employment classification by the estimated total limited payroll in that classification to determin

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

1. For each year, the amount of an employee's wages subject to premium calculations
must be determined as an amount equal to seventy percent of the statewide average
annual wage, hereafter referred to as limited payroll, rounded to the nearest one
hundred dollars, determined by the organization on or before July first as calculated by
job service North Dakota under subsection 3 of section 52-04-03.
2. The rates for each classification must be determined by:
a. Estimating the revenue needed by each employment classification;
b. Estimating the total limited payroll to be reported by all employers in each
employment classification for the year; and
c. Dividing the estimated revenue needed by an employment classification by the
estimated total limited payroll in that classification to determine the required
average premium for that classification rate.