Current through December 3, 2024
Section 260-RICR-50-05-11.6 - Lessee's ObligationA. A lessee 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 lessee's corporate name;2. Each lessee's taxpayer or employer identification number;3. Each 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 lessee has a continuing duty to notify the Director of any changes in § 11.4(C)(1)(f) 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 lessee shall file final, and binding agreements for subsequent of continuing workers' compensation insurance 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. Failure to notify the Director as provided above 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.260 R.I. Code R. 260-RICR-50-05-11.6