315. The employer shall pay the amount of his assessment to the Commission before the twenty-first day of the month following the month of the mailing of the notice of assessment.
Notwithstanding the first paragraph, the Commission may allow that part of the assessment that it computes on the basis of the estimate which the employer transmits to it in accordance with subparagraph 2 of section 292 to be paid in a maximum of six monthly payments, including the amount of interest due for the staggering of payments.
If an employer fails to pay the part of the assessment due for the previous year on the due date, he is not entitled to avail himself of the second paragraph.
1985, c. 6, s. 315; 1993, c. 5, s. 12.