Ohio Admin. Code 4123-17-40 - Self-insured buy-out factors
The administrator of workers' compensation, with the advice and
consent of the bureau of workers' compensation board of directors, has
authority to establish factors for the purpose of implementing the procedure
for self-insurance buy-outs. The administrator hereby adopts factors to
establish the liability of a private employer or a public taxing district
employer requesting to transfer from state insurance fund coverage to
self-insurance with the buy-out calculated upon the pure premium paid by the
employer on payroll for a seven calendar year period, as provided in paragraph
(L)
(M) of
rule 4123-19-03 of the Administrative
Code. The factors indicated in attached appendix A shall apply to
appropriate
all applications filed on
or after July 1, 1998.
Notes
Promulgated Under: 111.15
Statutory Authority: 4121.12, 4121.121
Rule Amplifies: 4121.12, 4123.14, 4123.35
Prior Effective Dates: 07/01/1990, 07/01/1991, 07/01/1992, 11/23/1992, 02/22/1993, 07/01/1993, 07/01/1994, 07/01/1995, 07/01/1996, 07/01/1997, 07/01/1998, 07/21/2008
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