(a) Notwithstanding any other provision of this chapter, a rate filing for workers' compensation insurance that classifies a risk in the construction industry may not contain or impose a higher premium rate if the risk upon which the higher rate filing is based consists only of a higher wage rate paid by the employer.
(b) The director shall accept a rate filing for workers' compensation insurance if the filing includes a reasonable method of recognizing differences in rates of pay for the construction industry, and the method uses a credit scale that begins at an amount equal to the average weekly wage in this state for the construction industry as determined by the Department of Labor and Workforce Development.
Structure Alaska Statutes
Chapter 39. Rates and Rating Organizations
Sec. 21.39.020. Applicability.
Sec. 21.39.030. Making of rates.
Sec. 21.39.035. Required filing of insurance scoring models; personal insurance.
Sec. 21.39.041. Prior approval.
Sec. 21.39.043. Workers' compensation loss cost filings and assigned risk pool rate filings.
Sec. 21.39.045. Workers' compensation rate filings.
Sec. 21.39.050. Disapproval of filings.
Sec. 21.39.055. Cancellation of approved filing.
Sec. 21.39.060. Rating organizations.
Sec. 21.39.080. Appeal by minority.
Sec. 21.39.090. Rights of insureds.
Sec. 21.39.100. Advisory organizations.
Sec. 21.39.110. Joint underwriting or joint reinsurance.
Sec. 21.39.130. Rate administration.
Sec. 21.39.140. False or misleading information.
Sec. 21.39.150. Assigned risks.
Sec. 21.39.155. Assigned risk pool.