The amount of the premium to be paid by an employer for a contract of insurance of compensation and benefits as provided in articles 40 to 47 of this title or against liability therefor shall be on the basis of the annual expenditure of money by said employer for the services of persons engaged in such employer's employment; except that no portion of such expenditure representing a per diem payment shall be considered unless such payment is considered wages for federal income tax purposes.
Source: L. 94: Entire section added, p. 1286, § 4, effective May 22.
Structure Colorado Code
§ 8-44-101. Insurance Requirements
§ 8-44-102. Contract for Insurance Subject to Workers' Compensation Act
§ 8-44-103. Insurers to File System of Rating - Approval
§ 8-44-104. Cutting Rates - Rebates - Penalty
§ 8-44-105. Provisions of Policies - Primary Liability - Notice of Injury
§ 8-44-106. Insurer Violation - Suspension or Revocation of License
§ 8-44-107. Right of Insurer to Examine Books of Employer
§ 8-44-108. Repayments for Misclassifications
§ 8-44-110. Notice of Cancellation
§ 8-44-111. Workers' Compensation Insurance - Deductibles - Definition
§ 8-44-112. Surcharge on Workers' Compensation Insurance Premiums - Workers' Compensation Cash Fund
§ 8-44-114. Determination of Premium
§ 8-44-115. Calculation of Premium - Motor Vehicle Accidents
§ 8-44-116. Reversionary Interests in Indemnity Benefits Prohibited