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The Legislative Service Commission staff updates the Revised Code on an ongoing basis, as it completes its act review of enacted legislation. Updates may be slower during some times of the year, depending on the volume of enacted legislation.

Section 4123.321 | Disposition of insurance fund excess surplus.

Ohio Revised Code
/
Title 41 Labor and Industry
/
Chapter 4123 Workers' Compensation
 
Effective:
September 10, 2007
Latest Legislation:
House Bill 100 - 127th General Assembly
PDF:
Download Authenticated PDF
 

The bureau of workers' compensation board of directors, based upon recommendations of the workers' compensation actuarial committee, shall adopt a rule with respect to the collection, maintenance, and disbursements of the state insurance fund providing that in the event there is developed as of any given rate revision date a surplus of earned premium over all losses that, in the judgment of the board, is larger than is necessary adequately to safeguard the solvency of the fund, the board may return such excess surplus to the subscribers to the fund in either the form of cash refunds or a reduction of premiums, regardless of when the premium obligations have accrued.

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