N.J. Admin. Code § 13:73-3.2

Current through Register Vol. 56, No. 21, November 4, 2024

Section 13:73-3.2 - Assessment; general

(a) Pursuant to N.J.S.A. 34:15-134, the Board shall assess and collect sufficient funds to pay the costs of the workers' compensation insurance or self-insurance coverage required by the Act and by the workers' compensation laws of this State. This assessment may also include sufficient funds to pay any additional costs necessary to carry out the Board's other duties. The Board shall ascertain the total funding necessary, establish the sums that are to be paid, and determine the method of assessing and collecting these funds.

1. Assessments to pay the cost of insurance or self-insurance coverage for horse racing industry employees may include, but shall not be limited to, deductions from that portion of gross overnight purses paid to owners, so long as such deductions do not exceed three percent of standardbred purses or four percent of thoroughbred purses, as applicable. Additional assessments may be collected from standardbred owners, thoroughbred owners, and thoroughbred trainers who are licensed or required to be licensed by the Commission. Any such additional assessments shall be made at the discretion of the Board.

2. Track owners shall not be included in the assessment by the Board for the cost of workers' compensation insurance or self-insurance coverage or for the benefits provided pursuant to the Act.

(b) Assessments for workers' compensation insurance or self-insurance coverage pursuant to the Act shall be calculated, allocated and collected separately for the thoroughbred and standardbred industries, based on their respective loss experience.

(c) No public funds, other than the moneys collected pursuant to 34:15-134(b), shall be used for the purpose of self-insurance or for paying the costs of workers' compensation insurance or workers' compensation benefits pursuant to the Act.

N.J. Admin. Code § 13:73-3.2

Amended by 50 N.J.R. 1299(a), effective 5/21/2018