4123-17-14.4 Lapse-free discount.

(A) The administrator may offer a discount to employers that do not have a lapse in coverage for a period of sixty consecutive months.

(B) For purposes of this rule, "discount eligibility evaluation date" means:

(1) For the private employer policy year, the July first immediately after the policy year.

(2) For the public employer taxing district policy year, the January first immediately after the policy year.

(C) Eligibility requirements.

(1) To receive the lapse-free discount, an employer must:

(a) Be in active status;

(b) As of the discount eligibility evaluation date, not have had any lapse in coverage during the sixty months preceding the discount eligibility evaluation date; and

(c) Report actual payroll for the applicable policy year and pay any premium due upon reconciliation of estimated premium and actual premium no later than the date set forth in rule 4123-17-14 of the Administrative Code.

(2) The following employers shall not be eligible for the lapse-free discount:

(a) Employers paying the minimum administrative charge for the applicable payroll reporting period as set forth in rule 4123-17-26 of the Administrative Code.

(b) State agencies.

(c) Self-insuring employers providing compensation and benefits pursuant to section 4123.35 of the Revised Code.

(D) The discount shall be the amount identified in the appendix to rule 4123-17-75 of the Administrative Code times the employer's blended premium costs in the applicable policy year, subject to any limits set forth in such appendix.

Effective: 09/04/2014
Promulgated Under: 111.15
Statutory Authority: 4121.12 , 4121.121 , 4121.13
Rule Amplifies: 4121.12 , 4121.121 , 4123.29 , 4123.34
Prior Effective Dates: 7/1/12, 1/1/13