Current through Register Vol. XLI, No. 50, December 13, 2024
Section 85-23-7 - New Subscriber Employers7.1. All employers without the requisite experience to calculate an experience modification factor shall be afforded a new subscriber experience modification factor for purposes of classification as a focus program employer or target program employer under the provisions of this rule. 7.1.1. A new subscriber experience modification factor shall be calculated for each employer at the close of the second full quarter after business start-up or after the effective date of this rule, if the employer has accumulated two (2) full quarters of claims experience, whichever is applicable.7.1.2. The new subscriber experience modification factor shall be calculated in a similar manner as other experience modification factors.7.2. The new subscriber employer shall be classified as a focus program employer or target program employer based upon the new subscriber experience modification factor and projected premium tax size as applied to table 85-23A.7.3. The new subscriber employer shall be notified of its classification and subject to the same duties, responsibilities and requirements as other employers of like classification under the provisions of this rule.