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2013 Vermont Statutes
Title 08 Banking and Insurance
Chapter 117 WORKERS' COMPENSATION INSURANCE
§ 4368 Premium rates


8 V.S.A. § 4368 What's This?

4368. Premium rates

Such association shall have power to determine the premium rates for each occupation or risk insured by it and to prescribe rates of cash premiums sufficient to cover losses incurred and current cost. The premium rate on each policy shall prevail for a full year but annually may be changed by the directors. The current cost herein specified shall be such an amount as is sufficient to cover the losses and expenses incurred and a premium reserve equal to 50 percent of all premiums and assessments levied or paid.

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