PART XI INJURY FUND AND ASSESSMENTS — Reserves within fund
138
(1) The commission may, in addition to the amount actually required in each class for the year, assess and collect from the employers in a class surcharges to be set aside as reserves in a special fund to be used for one or more of the following purposes:
138(a)
to meet an increase in the capitalization of periodical compensation payments payable in future years, or a portion of the compensation payments, where, in the opinion of the commission, an increase cannot otherwise be provided without placing an undue burden on the employers in a class;
138(b)
to meet the part of the cost of claims of workers suffering enhanced disabilities, because of similar or other disabilities previously suffered, that in the opinion of the commission is the result of the previous disabilities, and to meet the cost of subsequent injuries resulting while a worker is participating in a rehabilitation program;
138(c)
to meet the loss arising from a disaster or other circumstances which in the opinion of the commission would unfairly burden the employers in a class; and
138(d)
subject to the approval of the Lieutenant-Governor in Council, to meet the costs of particular needs of the commission that it considers necessary.
138(2)
The commission may, in respect of an industry or class where it is considered expedient, assess and collect in each year a sufficient amount to provide capitalized reserves which are considered sufficient to meet the periodical payments accruing in future years in respect of injuries during each year.
138(3)
Where classes are rearranged in accordance with section 115, the commission may make the adjustment and disposition of the funds, reserves and accounts of the classes affected that it considers appropriate.
Not legal advice. Verify the cited article against the signed agreement.