Tax multiplier TM

{
  "id": "MLC-T-INS-003284",
  "term": "Tax multiplier TM",
  "field": "Insurance and risk management",
  "definition": "A factor applied in workers' compensation premium calculations to account for state-specific taxes, assessments, and surcharges levied on insurance premiums. This multiplier adjusts the base premium to reflect the total cost of insurance, including these governmental charges. The specific value of the tax multiplier varies by state and can change annually.",
  "subject": "Workers Compensation",
  "url": "https://mlchart.com/terminology/insurance/tax-multiplier-tm/"
}