Rule 4123-17-01 | Annual rate revision, method of adoption, effective date, publication.
(A) Private employers.
(1) The annual revision of premium rates as provided in division (B) of section 4123.34 of the Revised Code applies to all renewals, reinstatements, and new coverage effective on or after July first of each year, unless otherwise specifically provided. The bureau of workers' compensation may adopt such changes in classification of occupations or industries with respect to their degree of hazard as will best serve to determine the risks of the different classes of occupations and will enable the establishing of appropriate premium rates measured by the hazard involved.
(2) The revised premium rates and changes in classification of occupations or industries with respect to their degree of hazard, as provided in paragraph (A)(1) of this rule, will be adopted by rules recommended by the administrator of workers' compensation and with the advice and consent of the bureau of workers' compensation board of directors as provided under division (F) of section 4121.12 of the Revised Code.
(3) The rule, with any revised premium rates and changes in classification of occupations or industries attached thereto, will be filed in accordance with section 111.15 of the Revised Code. Any revised premium rates and changes in classification of occupations or industries become effective on the date indicated on the filed rule.
(B) Public employers, taxing districts.
(1) The annual revision of premium rates for the taxing districts, as provided in section 4123.39 of the Revised Code, applies to all renewals, reinstatements, and new coverage effective on or after January first of each year, unless otherwise specifically provided. The bureau may adopt such changes in classification of occupations or industries with respect to their degree of hazard, as will best serve to determine the risks of the different classes of occupations and will enable the establishing of appropriate premium rates measured by the hazard involved.
(2) The revised premium rates and changes in classification of occupations or industries with respect to their degree of hazard as provided in paragraph (B)(1) of this rule, will be adopted by rules recommended by the administrator and with the advice and consent of the bureau's board of directors as provided under division (F) of section 4121.12 of the Revised Code.
(3) The rule with any revised premium rates and changes in classification of occupations or industries attached thereto, will be filed in accordance with section 111.15 of the Revised Code. Any revised premium rates and changes in classification of occupations or industries become effective on the date indicated on the filed rule.
(C) Public employers, state of Ohio, its agencies and instrumentalities.
(1) The annual revision of contribution rates for the state of Ohio, its agencies and instrumentalities, as provided in section 4123.40 of the Revised Code, for all state agencies is effective July first of each year.
(2) The revised contribution rates as provided in paragraph (C)(1) of this rule will be adopted by rules recommended by the administrator and with the advice and consent of the bureau's board of directors as provided under division (F) of section 4121.12 of the Revised Code.
(3) The rule with the revised contribution rates will be filed in accordance with section 111.15 of the Revised Code. The revised rates become effective on the date indicated on the filed rule.
Last updated July 27, 2023 at 9:07 AM
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