053-2 Wyo. Code R. § 2-7
(a) Pursuant to W. S. § 27-14-201(t)(i), an employer may apply to participate in a deductible program. Employers must apply for the deductible program in writing on a form prescribed by the Division. Terms of the deductible program shall be defined by contract entered into between the employer and Division.
(b) The Division may require applying employers to undergo a financial audit to ensure financial stability. The audit may include a credit check and review of company financial reports. The Division shall analyze each applicant based on risk analysis and sound business practices. The Division may refuse any applicant into the deductible program if it determines that the proposed contract does not represent a sound business practice or decision.
(c) For any employer enrolled in the deductible program, the Division will process and pay claims in accordance with the Wyoming Worker's Compensation Act. The employer shall reimburse the Division for all costs paid by the Division on individual claims up to the amount of the contractually agreed deductible.
(d) The deductible levels available are: $1,000.00, $5,000.00, $10,000.00, $25,000.00, $50,000.00, $75,000.00, or $100,000.00. The maximum deductible level offered to an employer by the Division shall not be more than fifty percent (50%) of the employer's standard premium.
(e) The amount of the contractually agreed upon deductible will be applied to the employer's industry base rate before any discounts under, Sections 8 - 10, as seen below, are calculated and applied.
053-2 Wyo. Code R. § 2-7
Amended, Eff. 10/13/2016.
Amended, Eff. 8/24/2017.
Amended, Eff. 12/11/2018.