Section 65-07-03 - Determination of weekly wage for premium purposesIf the organization enters a contract for insurance under this chapter, the premium for the protection must be based on:
1. The amount of money derived on an annual basis from the business of an employer or self-employed person as outlined in subdivision b of subsection 6 of section 65-01-02 for purposes of determining the premium for coverage of an employer, an employer's spouse, or a self-employed person. This amount may not be less than the limited payroll required to be reported for an employee in subsection 1 of section 65-04-04.2.2. A reasonable wage or fee as determined by the organization for employees in the same class of industry that the volunteer organization is engaged.3. Actual wages paid to a clerk, an assessor, a treasurer, or a member of the board of supervisors of an organized township, if the contract for insurance is to provide protection for a person mentioned in this subsection and that person is not employed by the township in any other capacity.4. Actual wages paid to an employer's child if that child is under the age of twenty-two.Amended by S.L. 2019, ch. 523 (SB 2184),§ 18, eff. 8/1/2019.Amended by S.L. 2013, ch. 502 (SB 2080),§ 7, eff. 8/1/2013.