61-5-17. Termination of coverage on employer's cessation of business.
64 words·~1 min read·
/sd/title-61/chapter-61-5/61-5-17A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The department shall terminate coverage for any employer as of January first of any year, if the employer ceases business for any purpose and one calendar year has elapsed since the employer has employed one or more persons for twenty days, each day being in a different week, or has paid wages of one thousand five hundred dollars or more in a calendar quarter.