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Classification Phraseology as of:
9/1/2023
 
Classification Code:
4740(1)
 
Phraseology:
OIL REFINING — petroleum
Footnote:

This classification applies to the processing and refining of crude oil and reclaimed oil through a series of operations such as heating, distilling, fractionating, vaporizing and condensing to produce products such as gasoline, diesel fuel, petroleum naphtha, kerosene, heating oil, asphalt base and liquefied petroleum gas.

Oil producing shall be separately classified.

The refining of vegetable oil or waste cooking oil shall be classified as 4683(1), Vegetable Oil Mfg. or Refining.

Industry Group/Related Classifications:
Petroleum Industry
Approved Pure Premium Rate:
To learn how approved pure premium rates are different than insurer rates, click here.
Effective DatePure Premium RateNote
9/1/2023$0.75New/Renewal
9/1/2022$0.83New/Renewal
9/1/2021$0.99New/Renewal
Prior Phraseology and Footnote:
Shown below is the previously published phraseology and footnoteEffective Date

Phraseology:
OIL REFINING — petroleum

Footnote:
This classification applies to the processing and refining of crude oil and reclaimed oil through a series of operations such as heating, distilling, fractionating, vaporizing and condensing to produce products such as gasoline, diesel fuel, petroleum naphtha, kerosene, heating oil, asphalt base and liquefied petroleum gas.

Oil producing shall be separately classified.

The refining of vegetable oil or waste cooking oil shall be classified as 4683(1), Oil Mfg. or Refining — vegetable.

Industry Group/Related Classifications:
Petroleum Industry

1/1/2015
New Search

The Classification Search was developed by the WCIRB for your convenience to help you identify Standard Classifications based on keywords or a classification code. However, you cannot rely solely on the Classification Search and must make an independent assessment when determining the appropriate classification(s) assignable to a risk in accordance with the USRP.