62-5-18 Reduction of premium where employer selects a policy with a deductible.
Reduction of premium where employer selects a policy with a deductible.
employer may agree, as a condition of the employer's contract for the insurance of compensation and
benefits as provided in Title 62, to pay an amount specified in the contract per claim toward the total
amount of any claim payable under workers' compensation. The amount of premium to be paid by
an employer who selects a policy with a deductible shall be reduced based upon a rating schedule
or rating plan filed with and approved by the director of insurance. Administration of claims shall
remain with the insurer as provided in the terms and conditions of its policy.
Source: SL 1990, ch 418, § 1; SL 1991, ch 421, § 1; SL 2008, ch 278, § 39.