Code of Maine Rules
02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION
031 - BUREAU OF INSURANCE
Chapter 550 - CALCULATION OF PREMIUM FOR INTERSTATE WORKERS' COMPENSATION INSURANCE RISKS AND RATE FILING REQUIREMENTS
Section 031-550-5 - Apportionment of premium
Universal Citation: 02 ME Code Rules ยง 031-550-5
Current through 2024-38, September 18, 2024
If the policy also covers risks other than Maine exposure, its premium shall be calculated as follows:
(a) all Maine exposure must be accurately measured and subject to a separately itemized charge calculated on the basis of the Maine rate; and
(b) the remainder of the premium must be calculated in a manner that is reasonably designed to reflect the employer's exposure under the worker's compensation laws of other states, and that does not have the effect of avoiding the intent of this Rule.
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