Ohio Admin. Code 4123-17-45 - Initial computation

(A) The hazard group for an employer shall be determined as follows:. The employer's primary manual classification will be determined based on the greatest amount of experience rated premium for the rating year beginning two years prior to the period in which the employer is seeking to participate in the individual retrospective rating program. The hazard group to which the employer's primary manual classification belongs, as presented in appendix C to rule 4123-17-72 of the Administrative Code, shall be the hazard group for that employer.

(1) The employer's experience-rated premium is totaled for each hazard group for the most recently completed policy year. The employer's hazard group is the group with the highest percentage of premium for the recently completed policy year;

(2) For an employer new to Ohio without a reported payroll, the hazard group is based on the employer's application for workers' compensation coverage;

(3) Hazard groups are defined as follows:

(a) For private employers, appendix C to rule 4123-17-72 of the Administrative Code; and

(b) For public employer taxing districts, appendix E to rule 4123-17-72 of the Administrative Code.

(B) The Ohio bureau of workers' compensation shall notify the employer of the estimated minimum premium percentage based on the limits selected by the employer and the payroll of the employer. The premium rates on the payroll reports received by the employer for the policy year will be calculated using the minimum premium per cent and the premium sized adjustment described in rule 4123-17-03.3 of the Administrative Code.

Notes

Ohio Admin. Code 4123-17-45

Effective: 6/12/2021
Promulgated Under: 111.15
Statutory Authority: 4121.12, 4121.121
Rule Amplifies: 4123.29, 4123.34
Prior Effective Dates: 07/01/1988, 10/02/1990, 07/01/1997, 07/21/2008, 07/01/2015, 07/01/2018