Delaware Administrative Code
Title 18 - Insurance
800 - Workers' Compensation
802 - Delaware Workplace Safety Regulation
Section 802-9.0 - Premium Size Ranges and Corresponding Credits
Current through Register Vol. 28, No. 3, September 1, 2024
9.1 The Workplace Safety insurance premium credit will be calculated according to the following formula:
20% x [1.0000 - C]
where "C" is the credibility of the qualified employer in the uniform Experience Rating Plan for the policy period expiring immediately prior to the application of the Safety credit. If the qualified employer was not experience-rated in the policy period expiring immediately prior to the application of the Safety credit, "C" will be set at 0.050 Safety credit packages will be rounded to the nearest whole percent.
9.2 If the inspector confirms that an employer maintains a drug-free workplace program that meets the criteria set forth in subsection 7.1 of this regulation, the carrier may offer an additional discount in accordance with rate filings submitted to and approved by the Department.
