Rule 4123-17-53 | Private employer retrospective rating plan minimum premium percentages.

• Effective: July 1, 2024
• Promulgated Under: 111.15

The administrator of workers' compensation, with the advice and consent of the bureau of workers' compensation board of directors, has authority to approve contributions made to the state insurance fund by employers pursuant to sections 4121.121, 4121.13, 4121.30, 4123.29, and 4123.34 of the Revised Code.

The administrator hereby sets the private employer retrospective rating plan minimum premium percentages to be effective July 1, 2024, as indicated in the appendixes A, (Tier I, tables A, B, C, D, E, F, and G) and B (Tier II, tables A, B, C, D, E, F, and G) to this rule.

The administrator hereby sets the private employer loss conversion factors to be applied to losses associated with policy years beginning on or after July 1, 2015, as indicated in appendix C to this rule.

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Last updated July 2, 2024 at 11:37 AM

Supplemental Information

Authorized By: 4121.12, 4121.121
Amplifies: 4123.29, 4123.34
Five Year Review Date:
Prior Effective Dates: 7/1/1991, 7/1/1993, 7/1/1994, 7/1/1997, 7/1/2006, 7/21/2008, 7/1/2015, 1/1/2016, 8/20/2018, 9/1/2018, 1/1/2021, 7/1/2022