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Clearance

Clearance

Definition

In most of the Canadian workers compensation provincial funds, an entity utilizing the services of another organization may be held responsible when that organization fails to pay the premium due the fund. The third party can request that the fund certify that the other organization is in good standing with the fund and thus be cleared of any responsibility for the payment of outstanding premium. This clearance normally takes the form of a certificate or letter issued by the fund.

Related Products

Classification Cross Reference
Blueprint for Workers Comp
IRMI Workers Comp

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