Section 73 of The Workers Compensation Act (the Act) groups employers into five broad classes (Classes A to E). Employers in Classes A to D are individually liable for the claim costs of their workers plus their share of administrative costs of the workers compensation system. These employers are known as Self-Insured Employers. This policy provides a framework for the removal of claim costs from a Self-Insured Employer's Claim Costs Account and transferring them to another employer in Classes A to E (Cost Transfer). Typically, claim costs are removed from a Self-Insured Employer's Claim Costs Account only through Cost Transfer, though in some circumstances Cost Relief or Cost Recovery may be provided.
Policy 31.05.10, Cost Relief/ Cost Transfer - Class E, provides a framework for the removal of claim costs from a Class E Employer's Claim Costs Experience through Cost Transfer or Cost Relief. Appendix A includes a glossary of commonly used terms.
|31.05.15 Cost Transfer Self Insured||154.22 KB|