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 1, 2011.