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The organization may establish a system for the experience rating of risks of employers contributing to the fund, and such system shall provide for the credit rating and the penalty rating of individual risks within such limitations as the organization may establish from time to time.
In calculating the experience rating, the organization shall determine the minimum rate for each employment classification by multiplying the required average premium rate by twenty-five hundredths to get the minimum rate assigned to an employer with a positive experience rating.
The organization may not amend its experience rating system by emergency rulemaking.
Cite this article: FindLaw.com - North Dakota Century Code Title 65. Workforce Safety and Insurance § 65-04-17. Experience rating of employers - last updated January 01, 2020 | https://codes.findlaw.com/nd/title-65-workforce-safety-and-insurance/nd-cent-code-sect-65-04-17/
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