Common use of DEPOSIT PREMIUM Clause in Contracts

DEPOSIT PREMIUM. All premium for this agreement will be determined by PERMA. Remuneration is part of the premium basis. This premium basis includes payroll and all other remuneration paid or payable during the coverage period for the services of: 1. All the Member's employees eligible for benefits under this agreement while engaged in work covered by this agreement; and 2. All other persons engaged in work that could make PERMA liable under Part One (Workers' Compensation Coverage) of this agreement. If the Member does not have the payroll records for these persons, the contract price for their services and materials may be used as the premium basis. This paragraph will not apply if the Member gives PERMA proof that the employers of these persons lawfully secured their Workers' Compensation obligations.

Appears in 12 contracts

Samples: Workers' Compensation and Employers' Liability Coverage, Workers' Compensation and Employers' Liability Coverage, Workers' Compensation and Employers' Liability Coverage

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