Section 1A - Insurance Premiums Order (July–December) 2006 - Employers who are members of a group

1AEmployers who are members of a group

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1A Employers who are members of a group

(1) Despite clause 1, if the employer is a member of a group, the experience adjustment factor (“S”) for the employer is as follows:

(a) where:

(i) the employer has been insured under a policy or policies for the period of 2 years immediately preceding the commencement of the period of insurance for which the premium is to be calculated or has been so insured for a longer period, and

(ii) during those 2 years, every member of the group that was required by the regulations to supply particulars of claims against the member to the member’s insurer has supplied the insurer with those particulars in accordance with the regulations,

the factor calculated in accordance with the following formula:

(b) where:

(i) the employer is a new employer and has been insured under a policy or policies for a period of less than 12 months immediately preceding the commencement of the period of insurance for which the premium is to be calculated, and

(ii) during that period, every member of the group that was required by the regulations to supply particulars of claims against the member to the member’s insurer has supplied the insurer with those particulars in accordance with the regulations,

the factor is the factor calculated in accordance with the formula in paragraph (a) multiplied by 0.33,

(c) where:

(i) the employer is a new employer and has been insured under a policy or policies for a period of 12 months or more but less than 2 years immediately preceding the commencement of the period of insurance for which the premium is to be calculated, and

(ii) during that period, every member of the group that was required by the regulations to supply particulars of claims against the member to the member’s insurer has supplied the insurer with those particulars in accordance with the regulations,

the factor is the factor calculated in accordance with the formula in paragraph (a) multiplied by 0.66,

(d) in any other case—0.