Sec. 151-3.3. Employer safety incentive program credits

For each policy of workers' compensation insurance issued or renewed in the State, an insurer shall provide credit to an insured employer that implements and maintains a safety incentive program, which meets the requirements of Industrial Code Rule 60. The credit shall be:

(a) four percent in the first full year in which the insured is entitled to a credit; and

(b) two percent in each consecutive full year thereafter.