Rules 4123-17-41 to
of the Administrative Code apply to individual employer retrospective rating.
As used in rules 4123-17-41 to
of the Administrative Code:
"Minimum premium" means the fixed cost chargeable to an employer, independent
of the claims costs of the employer during the year of experience.
(B) "Maximum premium" means the employer's
experience-rated premium multiplied by the maximum premium percentage selected
by the employer.
(C) "Per claim
limit" means the maximum chargeable costs for each claim incurred during the
retrospective-rated period, as selected by the employer.
(D) "Retrospective policy year" or "policy
year" means the fiscal year beginning July first for private employers and the
calendar year beginning January first for public employer taxing
(E) "Evaluation period"
means the ten-year period beginning with the first day of the policy year.
Annual evaluations will occur throughout the evaluation period. At the end of
the evaluation period, final settlement will be made.
(F) "Final settlement" means the final
determination of premium for a policy year including any remaining reserves for
claims occurring in the policy year. This determination will occur at the end
of the evaluation period and will terminate the plan for that policy
(G) "Annual evaluation" means
a statement of claim costs and premium. This information will be posted to the
employer's online bureau account.
"Incurred losses" are compensation
payments, medical payments, and reserves, excluding any losses defined in
of the Administrative Code. Reserves will be assigned at the end of the
"Retrospective premium" means the compilation of minimum premium, all medical
costs, indemnity, and any remaining reserves at the end of the ten-year
Ohio Admin. Code
Prior Effective Dates: 07/01/1988, 10/02/1990, 07/01/1994,
07/01/1997, 10/05/2005, 11/15/2010, 06/12/2021,