North Dakota Code 65-07-03 – Determination of weekly wage for premium purposes
If the organization enters a contract for insurance under this chapter, the premium for the protection must be based on:
Terms Used In North Dakota Code 65-07-03
- Contract: A legal written agreement that becomes binding when signed.
- Organization: includes a foreign or domestic association, business trust, corporation, enterprise, estate, joint venture, limited liability company, limited liability partnership, limited partnership, partnership, trust, or any legal or commercial entity. See North Dakota Code 1-01-49
- Person: means an individual, organization, government, political subdivision, or government agency or instrumentality. See North Dakota Code 1-01-49
1. The amount of money derived on an annual basis from the business of an employer or self-employed person as outlined in subdivision b of subsection 6 of section 65-01-02 for purposes of determining the premium for coverage of an employer, an employer’s spouse, or a self-employed person. This amount may not be less than the limited payroll required to be reported for an employee in subsection 1 of section 65-04-04.2.
2. A reasonable wage or fee as determined by the organization for employees in the same class of industry that the volunteer organization is engaged.
3. Actual wages paid to a clerk, an assessor, a treasurer, or a member of the board of supervisors of an organized township, if the contract for insurance is to provide protection for a person mentioned in this subsection and that person is not employed by the township in any other capacity.
4. Actual wages paid to an employer’s child if that child is under the age of twenty-two.