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| Home > Statutes > USA New Jersey |
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USA Statutes : new_jersey
Title : TITLE 34 LABOR AND WORKMENS COMPENSATION
Chapter : 34:15-89
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34:15-89. Bureau of compensation rating and inspection created; objects
The compensation rating and inspection bureau as created and established by the act entitled ~An act concerning the compulsory insurance of compensation payments arising under section 2 of an act entitled ~An act prescribing the liability of an employer to make compensation for injuries received by an employee in the course of employment, establishing an elective schedule of compensation, and regulating procedure for the determination of liability and compensation thereunder,@ approved April 4, 1911,~ approved March 27, 1917 (L.1917, c. 178, p. 522), as amended and supplemented is continued under the supervision of the Commissioner of Banking and Insurance.
It shall establish and maintain rules, regulations and premium rates for workmen@s compensation and employer@s liability insurance and equitably adjust the same, as far as practicable, to the hazard of individual risks, by inspection by the bureau.
It shall adopt means for assuring uniform and accurate audit of payrolls as they relate to policies of workmen@s compensation and employer@s liability insurance by auditors, appointed by the bureau, with the approval of the said commissioner or by such other means as the bureau may, with the approval of the Commissioner of Banking and Insurance, establish.
It shall furnish upon request to any of its members or to any employer upon whose risk a rating has been promulgated by it, information as to such rating, including the method of its computation, and shall encourage employers to reduce the number and severity of accidents by adjusting premiums and rates, through the use of credits and debits or other proper factors, under such uniform system of experience or other form of merit rating as may be approved by the said commissioner.
Amended by L.1955, c. 108, p. 577, s. 1.
34:15-89.1. Notification to mutual associations, stock companies of requirement of employer ID numbers
2. a. On or before March 1, 1996 and thereafter, the Compensation Rating and Inspection Bureau shall notify all mutual associations and stock companies authorized to write workers@ compensation or employer@s liability insurance on risks located in this State of the requirements of subsections b. and c. of this section.
b. On and after July 1, 1996, all mutual associations and stock companies authorized to write workers@ compensation or employer@s liability policies on risks located in this State shall, upon application for new policies or renewal of any existing policies, require submission of the employer identification number as assigned by the Department of Labor pursuant to the provisions of the ~unemployment compensation law,~ R.S.43:21-1 et seq., by each employer and shall maintain the identification number in their records and shall include the identification number on policies of insurance to be filed with the Compensation Rating and Inspection Bureau.
If the employer has been exempted from or is otherwise not subject to the provisions of the ~unemployment compensation law,~ the mutual association or stock company writing workers@ compensation insurance or employer@s liability insurance coverage on risks of that employer shall, in a form and manner prescribed by the Department of Labor, assign an identification number to that employer.
If an employer fails or refuses to comply with the reporting requirements of this subsection, the mutual association or stock company shall immediately notify the Division of Workers@ Compensation of such failure or refusal. Failure or refusal without reasonable cause shall result in the assessment of a penalty of up to $1,000 for each failure or refusal which shall be enforceable on a petition filed by the ~uninsured employer@s fund~ in a summary proceeding before a judge of compensation upon notice to the employer and the proceeds of which shall be paid into the ~uninsured employer@s fund.~
c. On and after July 1, 1996 the Compensation Rating and Inspection Bureau shall record and maintain the employer identification numbers received from mutual associations and stock companies pursuant to subsection b. of this section. The bureau shall, upon request of the Division of Workers@ Compensation, provide to the division information, in a form and manner as prescribed by the division, with respect to the workers@ compensation or employer@s liability insurance coverage status of employers in this State, including the employer identification numbers.
d. On or before March 1, 1996 the Department of Insurance shall provide to the Division of Workers@ Compensation a complete list of all employers engaged in business in this State who have been authorized, pursuant to the provisions of R.S.34:15-77 et seq., to self-insure for the payment of compensation. After that date, the department shall continue to provide notification to the division, in a form and manner as prescribed by the division, of any newly approved self-insured employer or the recision of the authority for any previously approved employer to self-insure.
L.1995,c.393,s.2.
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