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2004 SESSION

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HB 914 Coal mining classifications; capping of workers' compensation voluntary market rates & loss costs.

Introduced by: Clarence E. Phillips | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Insurance; workers' compensation rates; cap for coal mining classifications. Caps the workers' compensation insurance rates and loss costs for the surface and underground coal classifications for the voluntary markets at the levels existing on July 1, 2004. Such rates shall remain in effect until the General Assembly authorizes a rate increase. The bill also caps at the July 1, 2004, level the coal-classifications rates for the assigned risk market. The State Corporation Commission retains its authority to decrease such rates and loss costs.


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