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Classification Phraseology as of:
1/1/2021
 
Classification Code:
0400
 
Phraseology:

WAREHOUSES — cotton — including cotton compressing.

Footnote:

This classification applies to the storage of cotton for other concerns on a fee basis and includes incidental cotton compressing. This classification also applies to cotton dealers or merchants.

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

Cotton batting manufacturing shall be classified as 2222, Spinning, Weaving or Fiber Processing.

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
1/1/2020$2.39New/Renewal
1/1/2019$2.09New/Renewal
7/1/2018$2.46New/Renewal
Prior Phraseology and Footnote:
Shown below is the previously published phraseology and footnoteEffective Date

Phraseology: WAREHOUSES — cotton — including cotton compressing.

Footnote:

This classification applies to the storage of cotton for other concerns on a fee basis and includes incidental cotton compressing.

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

The purchase and sale of cotton, including cotton compressing, shall be classified as 0400(1), Cotton Merchants.

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.

1/1/2019
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