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Classification Phraseology as of:
9/1/2023
 
Classification Code:
7198(2)
 
Phraseology:

ARMORED TRANSPORT SERVICES — including terminal employees and mechanics

Footnote:

This classification applies to the secure transport of cash or other negotiable securities, jewelry, precious metals or other valuables to customer designated locations using armored vehicles. This classification includes but is not limited to drivers, money sorters and counters, vault clerks and security guards in connection with transportation services.

Security guards that are not in connection with armored transport services shall be classified as 7721(2), Security, Guard or Patrol Services.

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$8.66New/Renewal
9/1/2022$7.90New/Renewal
9/1/2021$7.63New/Renewal
Prior Phraseology and Footnote:
Shown below is the previously published phraseology and footnoteEffective Date

Phraseology:
ARMORED TRANSPORT SERVICES — including terminal employees and mechanics

Footnotes:
This classification applies to the secure transport of cash or other negotiable securities, jewelry, precious metals or other valuables to customer designated locations using armored vehicles. This classification includes but is not limited to drivers, money sorters and counters, vault clerks and security guards in connection with transportation services.

Security guards that are not in connection with armored transport services shall be classified as 7721(2), Security or Guard Services.

Rules:
USRP, Part 3, Section V, Rule 4, Drivers' and Their Helpers' Payroll

1/1/2015
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