Governing classification

{
  "id": "MLC-T-INS-001651",
  "term": "Governing classification",
  "field": "Insurance and risk management",
  "definition": "The workers' compensation classification code that generates the largest amount of payroll for an employer, excluding payroll for operations specifically excluded from the general industrial classification. This classification determines the primary rate applied to an employer's payroll for calculating workers' compensation premiums. It reflects the predominant business activity and associated hazard level of the insured entity.",
  "url": "https://mlchart.com/terminology/insurance/governing-classification/"
}