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OH HB143
Bill
Status
4/30/2013
Primary Sponsor
Anthony DeVitis
Click for details
AI Summary
HB 143 Summary
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Requires the Administrator of Workers' Compensation to include in premium rate notices the mathematical equation (expressed algebraically) used to calculate each employer's premium rate.
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Mandates that the premium rate notice include definitions of all variables used in the mathematical equation.
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Requires the equation to be presented with specific numbers applicable to the individual employer included and highlighted to show which numbers the employer can directly control.
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Applies to all employers receiving notice of their premium rates for the upcoming policy year.
Legislative Description
To require the Administrator of Workers' Compensation to include in the notice of premium rate that is applicable to an employer for an upcoming policy year the mathematical equation used by the Administrator to determine the employer's premium rate.
Workers' Comp-explain computation of premium to employers
Last Action
To Insurance
4/30/2013