Text: SF02321 Text: SF02323 Text: SF02300 - SF02399 Text: SF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 515A.3, subsection 1, Code 1997, is 1 2 amended by adding the following new paragraph: 1 3 NEW PARAGRAPH. e. The portion of a rate, or a minimum 1 4 premium, which applies to all policies and is intended to 1 5 cover the costs of issuing, recording, and auditing the policy 1 6 shall, to the extent permissible, take into account the past 1 7 and prospective loss experience within and outside the state 1 8 for the classification of workers covered by the policy. 1 9 EXPLANATION 1 10 This bill provides that the portion of the premium rate for 1 11 workers' compensation liability insurance that applies to the 1 12 costs associated with issuing the policy shall be based, if 1 13 permissible, on the loss experience for the classification of 1 14 worker covered by the policy. 1 15 LSB 3503XS 77 1 16 ec/jl/8
Text: SF02321 Text: SF02323 Text: SF02300 - SF02399 Text: SF Index Bills and Amendments: General Index Bill History: General Index
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