Ohio § 4123.47
Full text of Ohio Ohio Revised Code § 4123.47, with citation guidance and answers to common questions.
§ 4123.47.
(A) The administrator of workers' compensation shall have an actuarial analysis of the
state insurance fund and all other funds specified in this chapter and Chapters 4121.,
4127., and 4131. of the Revised Code made at least once each year. The analysis shall be made and certified by recognized, credentialed property or
casualty actuaries who shall be selected by the bureau of workers' compensation board
of directors. The expense of the analysis shall be paid from the state insurance fund. The administrator shall make copies of the analysis available to the workers' compensation
audit committee at no charge and to the public at cost. (B) The auditor of state annually shall conduct an audit of the administration of this
chapter by the industrial commission and the bureau of workers' compensation and the
safety and hygiene fund. The cost of the audit shall be charged to the administrative costs of the bureau
as defined in section 4123.341 of the Revised Code . The audit shall include audits of all fiscal activities, claims processing and handling,
and employer premium collections. The auditor shall prepare a report of the audit together with recommendations and
transmit copies of the report to the industrial commission, the board, the administrator,
the governor, and to the general assembly. The auditor shall make copies of the report available to the public at cost. (C) The administrator may retain the services of a recognized actuary on a consulting
basis for the purpose of evaluating the actuarial soundness of premium rates and classifications
and all other matters involving the administration of the state insurance fund. The expense of services provided by the actuary shall be paid from the state insurance
fund.
Frequently Asked Questions About Ohio § 4123.47
What does Ohio Revised Code § 4123.47 cover?
Section 4123.47 is part of the Ohio Revised Code, the codified statutory law of Ohio. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Ohio § 4123.47?
A common citation format is "Ohio Revised Code § 4123.47" (Ohio). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Ohio law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Ohio official source linked on this page or consult a licensed Ohio attorney.
How does Ohio § 4123.47 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Ohio can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Ohio.