Sec. 31-291a. Method of computing workers' compensation premiums for construction contractors.
Sec. 31-291a. Method of computing workers' compensation premiums for
construction contractors. On or before July 1, 1996, the rating organization licensed
pursuant to section 38a-672 shall file with the Insurance Commissioner a method of
computing workers' compensation premiums which does not discriminate against or
penalize employers in the construction industry solely because they pay higher wages
than other employers to workers in the same job classification. Such method shall grant
premium credits to construction contractors (1) who have workers' compensation insurance policies in which at least fifty per cent of the premium is attributable to construction
classifications and (2) whose experience modification is unity or less as of July 1, 1996.
Such credits shall apply to workers' compensation insurance policies issued or renewed
on or after July 1, 1996.
(P.A. 95-262, S. 1, 3.)
History: P.A. 95-262 effective July 6, 1995.