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Policy Purpose

The purpose of this policy is to establish criteria for when an employer's assessment rates and Claim Costs Experience will follow the business on a change in ownership and be used to determine assessment rates for the new employer. It is important to distinguish between when a business ceases to operate and when all or part of a business continues in substantially the same form under new ownership because the WCB sets assessment rates based, in part, on an employer's Claim Costs Experience.

Appendix A includes a glossary of commonly used terms.