SECTION .0500 ‑ CREDIT UNEMPLOYMENT MINIMUM LOSS RATIO STANDARD

11 NCAC 16 .0501             MINIMUM INCURRED LOSS ratio

The premium rates charged for credit unemployment insurance shall be reasonable in relation to the benefits provided as indicated by a minimum annual incurred loss ratio of 60%.

History Note:        Authority G.S. 58-2-40; 58-57-110(a);

Eff. January 1, 1994;

Amended Eff. November 11, 2011;

Readopted Eff. October 1, 2018.