Regarding Workers' Compensation Insurance Rates for Small Businesses
|Sponsor:||Representative Phyllis Ginzler, House 69|
|Bill #:||LD 913|
UPDATE: This bill was voted unanimously Ought Not to Pass. It is dead.
This bill charges the Superintendent of Insurance with developing a modification factor to reduce the workers' compensation insurance rates for employers with fewer than 50 employees based on an assessment of the relative risk to the insurer and the relative cost burden of the insurance on such small business employers. The small business employer modification factor applies to workers' compensation insurance policies issued or renewed on or after January 1, 2018.