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A-3.001, r. 7 - Regulation respecting financing
Section 104
Disposition versions
104. The Commission calculates the risk-related portion of the employer’s adjusted assessment by adding the following elements:
(1) the total cost of the accidents and diseases contemplated in section 95 as limited under Subdivision B;
(2) the cost of insurance determined by applying the following formula:
product obtained by multiplying
the insurable wages paid to the insurance premium
employer’s workers during determined for the
cost of the assessment year by the assessment year pursuant
insurance = risk-related portion of the rate x to section 105 and
applicable to the employer Schedule 7
for that year pursuant to
section 305 of the Act
the insurable wages paid to the insurance premium
employer’s workers during determined for the
cost of the assessment year by the assessment year pursuant
insurance = risk-related portion of the rate x to section 105 and
applicable to the employer Schedule 7
for that year pursuant to
section 305 of the Act
However, the total amount may not exceed 11/2 times the product obtained by multiplying the insurable wages paid to the employer’s workers during the assessment year by the risk-related portion of the rate applicable to the employer for that year pursuant to section 305 of the Act.
