Experience accounts; separate accounts
Sec. 4. Except as provided in section 1(a) of this chapter, the
commissioner shall maintain within the fund a separate experience
account for each employer and shall credit to such account all
contributions paid by such employer on its behalf except as
otherwise provided in this article.
The commissioner shall also maintain a separate account for each
employer electing to make payments in lieu of contributions as
provided in section 1(a) of this chapter and shall charge to such
account all benefits chargeable to such employer and credit to such
account all reimbursements made by such employer.
(Formerly: Acts 1947, c.208, s.1004; Acts 1951, c.307, s.1; Acts
1965, c.190, s.3; Acts 1971, P.L.355, SEC.20.) As amended by
P.L.18-1987, SEC.34; P.L.21-1995, SEC.71.
Last modified: May 27, 2006