[§393-45]  Entitlement to premium
supplementation.  (a)  An employer who employs less than eight employees
entitled to coverage under this chapter and who provides coverage to such
employees pursuant to section 393-7(a) shall be entitled to premium supplementation
from the fund if the employer's share of the cost of providing such coverage as
determined by sections 393-13 and 393-15 exceeds 1.5 per cent of the total
wages payable to such employees and if the amount of such excess is greater
than five per cent of the employer's income before taxes directly attributable
to the business in which such employees are employed.



(b)  The amount of the supplementation shall be
that part of the employer's share of the premium cost which exceeds the limits
specified in subsection (a). [L 1974, c 210, pt of §1]