2025 Session
Last amended: 2005 session
§ 79.40 — Premium Inclusion in Ratemaking
Plain-Language Summary
The premiums that members pay to the Workers' Compensation Reinsurance Association must be taken into account when setting workers' compensation insurance rates.
79.40 PREMIUM INCLUSION IN RATEMAKING.
Premiums charged members by the reinsurance association shall be recognized in the ratemaking procedures for insurance rates.
History:
Ex1979 c 3 s 23; 2005 c 132 s 25
History: History: Ex1979 c 3 s 23; 2005 c 132 s 25
Practical Notes
Reinsurance Association premiums are part of the cost of doing business for workers’ compensation insurers. This section makes sure those costs are included when insurance rates are calculated, so the rates accurately reflect the true cost of providing coverage.