(a) Workers' compensation insurance premiums shall be determined and paid based on the experience rating of the client company for which the leased employee performs services, provided the client company has sufficient workers' compensation premium volume to be experience rated, otherwise the premiums shall be the rate approved for an employer that cannot be experience rated.

(b) Both the employee leasing company and its client company shall be entitled to the exclusivity of remedy provisions of section 622 of this title provided that workers' compensation coverage is in effect.

(c) A workers' compensation insurer shall notify the Commissioner and the client company no later than 30 days prior to any lapse or cancellation of workers' compensation coverage. (Added 1995, No. 173 (Adj. Sess.), § 1.)