CHAPTER 222
FORMERLY
HOUSE BILL NO. 37
AS AMENDED BY HOUSE AMENDMENT NO. 1
AN ACT TO AMEND CHAPTER 23, TITLE 19 OF THE DELAWARE CODE RELATING TO WORKMEN'S COMPENSATION.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE:
Section Amend §2381, Title 19, Delaware Code by adding the following new subsection:
"(d) With respect to each classification of risk in the construction industry the Delaware Compensation Rating Bureau shall file a method of computing premiums that does not impose a higher insurance cost solely because of an employer's higher rates of wages or salaries paid. With respect to said classifications, the Insurance Commissioner shall accept a filing of a method for computing premiums which includes a reasonable procedure of compensation for differences in rates of pay. This method will use a credit scale ranging from 0% to 25% with the starting point set at the Delaware construction industry average hourly wage scale expected to exist in each consecutive 12 month period to which this program will apply.
The Insurance Commissioner and the Delaware Compensation Rating Bureau shall implement a revenue neutral plan for new and renewal policies by July 1, 1990 for prompt and orderly transition to a method which is in compliance with such requirements."
Approved May 30, 1990.