§ 125.202. Definitions.
The following words and terms, when used in this subchapter, have the following meanings, unless the context clearly indicates otherwise:
Act—The Workers’ Compensation Act (77 P. S. § § 1—1038.2).
Basis of premium—The basis for the computation of an employer’s workers’ compensation insurance premium, such as employe remuneration paid by the employer.
Bureau—The Bureau of Workers’ Compensation of the Department.
Compensation——Compensation as defined in section 901 of the act (77 P. S. § 1037.1).
Custodial accounts—The two distinct and separate accounts of the guaranty fund established under section 902(c) of the act (77 P. S. § 1037.2(c)). One account is to be used exclusively to pay benefits arising from defaulting individual self-insurers and one account is to be used exclusively to pay benefits arising from defaulting group self-insurance funds.
Default—The failure of a self-insurer to pay compensation due to the self-insurer’s financial inability or the self-insurer filing for bankruptcy or being declared bankrupt or insolvent.
Department—The Department of Labor and Industry of the Commonwealth.
Employer—An employer as defined in section 901 of the act.
Guaranty fund—The guaranty fund as defined in section 901 of the act.
Manual premium—The sum of an employer’s basis of premium for each classification for the 12-month period immediately prior to the effective date of its individual self-insurance status under section 305 of the act (77 P. S. § 501) or of its membership in a group self-insurance fund under Article VIII of the act (77 P. S. § § 1036.1—1036.18) multiplied by the applicable SWIF rate in effect at the time of the issuance of the insurance policy immediately prior to the employer’s individual self-insurance status or its membership in a group self-insurance fund.
Modified manual premium—An employer’s manual premium multiplied by its experience modification factor for the insurance policy immediately prior to the employer’s individual self-insurance status or its membership in a group self-insurance fund, before adjustments or discounts.
New group self-insurance fund—A group self-insurance fund initiating operation under the act.
New individual self-insurer—An employer operating as a self-insurer under its first permit, including an employer operating as a self-insurer under its first permit following the lapse of a previous period of self-insurance.
Occupational Disease Act—The Pennsylvania Occupational Disease Act (77 P. S. § § 1201—1603).
Runoff group self-insurance fund—A group self-insurance fund which voluntarily terminated the permit issued to it under Article VIII of the act or a group self-insurance fund whose permit was revoked by the Bureau.
Runoff individual self-insurer—An employer that had been a self-insurer under section 305 of the act (77 P. S. § 501) and section 305 of the Occupational Disease Act (77 P. S. § 1405) but no longer maintains a current permit.
Security—Security as defined in section 901 of the act.
Self-insurer—A self-insurer as defined in section 901 of the act, including a runoff individual self-insurer and a runoff group self-insurance fund.
Self-insurer accounts—Individual segregated subaccounts of the custodial accounts for the deposit of funds received from security demanded under section 904(d)(2)(ii) of the act (77 P. S. § 1037.4(d)(2)(ii)).
SWIF—The State Workers’ Insurance Fund.
SWIF rate—The amount per unit of exposure which SWIF charges for insurance, calculated by multiplying the lost cost charge for a classification by the SWIF lost cost multiplier.
Source The provisions of this § 125.202 amended October 23, 1998, effective October 24, 1998, apply to applicants, self-insurers, runoff self-insurers, group self-insurance funds and runoff funds, 28 Pa.B. 5459. Immediately preceding text appears at serial pages (201172) to (201173).
Cross References This section cited in 34 Pa. Code § 125.10 (relating to funding by public employers).
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