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Classification Phraseology as of:
1/1/2018
 
Classification Code:
0400(1)
 
Phraseology:

COTTON MERCHANTS — including cotton compressing

Footnote:

This classification applies to dealers of cotton and includes incidental cotton compressing. This classification also applies to cotton compressing that is performed for other concerns on a fee basis.

This classification does not apply to cotton gin operations; all operations, including the sale and distribution of cotton in connection with cotton gin operations, shall be classified as 0401, Cotton Gin Operation.

The contract storage of baled cotton, including cotton compressing, shall be classified as 0400(2), Warehouses — cotton.

Cotton batting manufacturing shall be classified as 2211(1), Cotton Batting, Wadding or Waste Mfg.

The cultivation and harvesting of cotton shall be separately classified as 0044, Cotton Farms.

Approved Pure Premium Rate:
To learn how approved pure premium rates are different than insurer rates, click here.
Effective DatePure Premium RateNote
1/1/2018$2.74New/Renewal
7/1/2017$3.74New/Renewal
1/1/2017$4.05New/Renewal
Prior Phraseology and Footnote:
Shown below is the previously published phraseology and footnoteEffective Date

COTTON MERCHANTS — including cotton compressing Classification 0400(1) shall not be used for division of payroll in connection with Classification 0401, Cotton Gin Operation, unless the operation described by Classification 0400(1) constitutes a separate and distinct enterprise having no connection with the operations covered by Classification 0401.

1/1/2016
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