Current through December 3, 2024
Section 260-RICR-50-05-11.5 - Lessor's ObligationA. Each lessor which applies for coverage or is covered through either the voluntary market, Beacon Mutual Insurance Company, or the residual market mechanism shall maintain and furnish to the Director the following information within five (5) days:1. Each lessor's and lessee's corporate name;2. Each lessor's and lessee's taxpayer or employer identification number;3. Each lessor's and lessee's risk identification number;4. A listing of all leased employees associated with each lessee, the applicable classification code and payroll; and5. Claims information grouped by lessee, and any other information necessary to permit the calculation of an experience modification factor for each lessee.B. Each lessor has a continuing duty to notify the Director of any changes in § 11.4(C)(1)(e) of this Part within five (5) days. Failure to notify the Director within five (5) days may result in suspension or revocation of certificate of compliance and/or shall be subject to prosecution for a misdemeanor and upon conviction thereof may be punished by a fine of not more than two hundred fifty dollars ($250.00) for each offense.C. Within fourteen (14) calendar days before expiration of any current workers' compensation insurance coverage complete, a lessor shall file final, and binding agreements for subsequent continuation of workers' compensation insurance coverage for leased employees signed by an official of the coverage for leased employees signed by an official of the entity ultimately providing such coverage and bearing the risk of loss under such policy with the Director. For failure to comply with this Section, the lessor shall be barred from providing workers' compensation insurance coverage or purporting to offer workers' compensation insurance to any lessee.260 R.I. Code R. 260-RICR-50-05-11.5