A reimbursing employer's election to make payments in lieu of
contributions shall be terminated if such employer fails to comply with:
(A)Any
determination of the director increasing the bonding amount or requiring
restoration of the unobligated security of an account; or
(B)Any
determination of the director ordering that the market value of approved
municipal or other bonds, or approved securities, or other forms of collateral
security approved by the director, be deposited.
The termination of a reimbursing employer's election shall be
effective beginning the first day of the calendar quarter following the
employer's failure to comply with determinations provided in paragraph (A) or
(B) of this rule.
Five Year Review (FYR) Dates: 4/2/2020 and 04/02/2025
Certification: CERTIFIED ELECTRONICALLY
Date: 04/02/2020
Promulgated Under: 119.03
Statutory Authority: 4141.13
Rule Amplifies: 4141.241
Prior Effective Dates: 01/01/1972, 07/03/1986, 12/30/1991,
06/03/1996, 01/15/2001, 04/01/2015