P.R. Laws tit. 11, § 31
Not later than July 1 of each year, the Manager of the State Fund, giving consideration to the experience obtained in the administration of the law, shall principally revise the rates in force so as to make an equitable distribution of the losses among occupations and industries, and so that rebates in premiums shall approximate as nearly as possible to the experience of each particular group of occupations and industries; and to this end the Manager of the State Fund is empowered to prescribe rules relative to such rebates as may be granted to each employer in accordance with his risks, on the basis of the individual experience of the employer and the adjustment of each employer’s rate, thus establishing a fair margin in excess of, or lower than, the rate taken as a basis for the classification of such employer, in order that this measure may tend to further the prevention of accidents and to preserve in each risk the basic principles of workmen’s compensation insurance.
History —Apr. 18, 1935, No. 45, p. 250, § 30, renumbered as § 28 on July 1, 1996, No. 63, § 3.