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Classification Phraseology as of:
9/1/2023
 
Classification Code:
8740(6)
 
Phraseology:

APARTMENT OR CONDOMINIUM COMPLEX OPERATION FOR SENIORS — age restricted — not Congregate Living Facilities or Homeowners Associations — property management supervisors — not resident managers or supervisors

Footnote:

This classification applies to non-residing property management supervisors engaged in the management and operation of apartment or condominium complexes comprised of one or more multi-unit buildings with four or more units per building that, in compliance with state or federal housing laws, restrict tenancy to persons who have reached a minimum age (typically either 55 or 62 depending on the type of facility), who exercise direction through maintenance or operations supervisors who directly supervise employees engaged in the operation, maintenance and care of such apartment or condominium complexes for seniors. This classification also applies to non-residing property management supervisors who oversee such apartment or condominium complexes for seniors at which all operation, maintenance and care activities are conducted by separate concerns and no payroll is assignable to 9007, Apartment or Condominium Complex Operation for Seniors — age restricted — not Congregate Living Facilities or Homeowners Associations — all other employees.

Apartment or condominium complex for seniors property management supervisors not meeting the above conditions shall be classified as 9007, Apartment or Condominium Complex Operation for Seniors — age restricted — not Congregate Living Facilities or Homeowners Associations — all other employees.

Also refer to companion Classification 9007, Apartment or Condominium Complex Operation for Seniors — age restricted — not Congregate Living Facilities or Homeowners Associations — all other employees.

Industry Group/Related Classifications:
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$0.84New/Renewal
9/1/2022$0.88New/Renewal
9/1/2021$0.74New/Renewal
Prior Phraseology and Footnote:
Shown below is the previously published phraseology and footnoteEffective Date

APARTMENT OR CONDOMINIUM COMPLEX OPERATION FOR SENIORS — age restricted — not Congregate Living Facilities or Homeowners Associations — property management supervisors — not resident managers or supervisors

Footnote:

This classification applies to non-residing property management supervisors engaged in the management and operation of apartment or condominium complexes comprised of one or more multi-unit buildings with four or more units per building that, in compliance with State or Federal housing laws, restrict tenancy to persons who have reached a minimum age (typically either 55 or 62 depending on the type of facility), who exercise direction through maintenance or operations supervisors who directly supervise employees engaged in the operation, maintenance and care of such apartment or condominium complexes for seniors. This classification also applies to non-residing property management supervisors who oversee such apartment or condominium complexes for seniors at which all operation, maintenance and care activities are conducted by separate concerns and no payroll is assignable to 9007, Apartment or Condominium Complex Operation for Seniors — age restricted — not Congregate Living Facilities or Homeowners Associations — all other employees.

Apartment or condominium complex for seniors property management supervisors not meeting the above conditions shall be classified as 9007, Apartment or Condominium Complex Operation for Seniors — age restricted — not Congregate Living Facilities or Homeowners Associations — all other employees.

Also refer to companion Classification 9007, Apartment or Condominium Complex Operation for Seniors — age restricted — not Congregate Living Facilities or Homeowners Associations — all other employees.

1/1/2017
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