Ohio Admin. Code 4123-17-12 - Catastrophe claims

(A) A "catastrophe" is defined as an occurrence in which two or more employees of one employer are killed or receive injuries resulting in permanent and total disability.
(B) "Catastrophe cost" is defined as the total medical, compensation, and other costs, including reserves for future compensation costs, as a direct result of a catastrophe.
(C) Catastrophe cost in excess of two hundred fifty thousand dollars shall not be included in the experience of a classification or of an employer.
(D) Catastrophe cost in excess of the catastrophe value from part A of the merit-rated credibility table in effect for the two hundred fifty thousand dollars for a retrospective policy year as defined in rule 4123-17-41 of the Administrative Code, shall not be included in the annual evaluation or final settlement of that retrospective policy year.
(E) Notwithstanding the provisions of this rule, the administrator may consider any special circumstances which may affect the determination of a catastrophe loss.

Notes

Ohio Admin. Code 4123-17-12
Effective: 9/4/2014
Promulgated Under: 111.15
Statutory Authority: 4121.121, 4121.13, 4121.30
Rule Amplifies: 4123.29, 4123.34
Prior Effective Dates: 8/19/77, 7/1/78, 7/1/79, 7/1/80, 7/1/81, 7/1/82, 7/1/84, 7/1/89, 7/1/90, 7/1/91

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