An Act relative to the workers’ compensation premium payment schedules for small businesses

This bill modifies Massachusetts workers' compensation rules to allow small business groups that have existed for at least five years to use custom premium payment plans. Under the proposed change, these established groups would be exempt from the standard payment schedule requirements that currently apply to newer or smaller entities. The legislation requires that any alternative payment plan be approved by the state insurance commissioner before it can be used. By creating this exception, the bill aims to provide more flexibility for long-standing small businesses in managing their insurance costs.