Boston Massachusetts Affidavit of Exemption for Certain Corporate Officers or Directors - Workers' Compensation

• Category: Massachusetts Workers Compensation - Official - Exemptions
• State: Massachusetts
• City: Boston
• Control #: MA-153-WC
• Format: PDF

Description

This is one of the official Workers' Compensation forms for the state of Massachusetts. The Boston Massachusetts Affidavit of Exemption for Certain Corporate Officers or Directors — Workers' Compensation is a legal document that pertains to workers' compensation insurance requirements for corporate officers or directors in Boston, Massachusetts. The affidavit serves as an exemption application for these individuals, allowing them to opt out of obtaining workers' compensation insurance coverage, subject to certain conditions. The affidavit is relevant for corporate officers or directors who own at least 25% of a corporation's stock and work exclusively as corporate officers or directors. It is important to note that this exemption does not extend to sole proprietors or partners, as they are considered self-employed rather than employees. By submitting this affidavit, qualifying corporate officers or directors can potentially waive the requirement of obtaining workers' compensation insurance for themselves. However, it does not exempt the corporation from obtaining coverage for other employees. This exemption is designed to provide flexibility for small corporations where the owners are actively involved in the day-to-day operations. There are different types of Boston Massachusetts Affidavit of Exemption for Certain Corporate Officers or Directors — Workers' Compensation. These include: 1. Form 153 (Rev. 10/2018): Affidavit for Corporate Officer or Director who is included in a workers' compensation policy of the corporation: This type of affidavit is applicable when the officer or director is already covered under the corporation's workers' compensation policy. It serves as an official declaration confirming the inclusion of the individual in the policy. 2. Form 154 (Rev. 10/2018): Affidavit for Corporate Officer or Director who excludes oneself, but is included in a workers' compensation policy of the corporation: In this case, the corporate officer or director opts out of workers' compensation coverage for themselves but remains included in the corporation's workers' compensation policy. This form states the officer or director's intent to exclude themselves from coverage. 3. Form 155 (Rev. 10/2018): Affidavit for Corporate Officer or Director who excludes oneself and is not included in a workers' compensation policy of the corporation: This affidavit is used when the corporate officer or director chooses to exclude themselves from coverage entirely, indicating that they are not covered under the corporation's workers' compensation policy. These different forms offer flexibility to corporate officers or directors in terms of their choice to be covered under the workers' compensation policy or to opt out based on their specific circumstances. Overall, the Boston Massachusetts Affidavit of Exemption for Certain Corporate Officers or Directors — Workers' Compensation provides a means for qualifying corporate officers or directors in Boston to obtain exemption from workers' compensation insurance coverage under certain conditions, while ensuring that other employees of the corporation remain protected by appropriate insurance.

The Boston Massachusetts Affidavit of Exemption for Certain Corporate Officers or Directors — Workers' Compensation is a legal document that pertains to workers' compensation insurance requirements for corporate officers or directors in Boston, Massachusetts. The affidavit serves as an exemption application for these individuals, allowing them to opt out of obtaining workers' compensation insurance coverage, subject to certain conditions. The affidavit is relevant for corporate officers or directors who own at least 25% of a corporation's stock and work exclusively as corporate officers or directors. It is important to note that this exemption does not extend to sole proprietors or partners, as they are considered self-employed rather than employees. By submitting this affidavit, qualifying corporate officers or directors can potentially waive the requirement of obtaining workers' compensation insurance for themselves. However, it does not exempt the corporation from obtaining coverage for other employees. This exemption is designed to provide flexibility for small corporations where the owners are actively involved in the day-to-day operations. There are different types of Boston Massachusetts Affidavit of Exemption for Certain Corporate Officers or Directors — Workers' Compensation. These include: 1. Form 153 (Rev. 10/2018): Affidavit for Corporate Officer or Director who is included in a workers' compensation policy of the corporation: This type of affidavit is applicable when the officer or director is already covered under the corporation's workers' compensation policy. It serves as an official declaration confirming the inclusion of the individual in the policy. 2. Form 154 (Rev. 10/2018): Affidavit for Corporate Officer or Director who excludes oneself, but is included in a workers' compensation policy of the corporation: In this case, the corporate officer or director opts out of workers' compensation coverage for themselves but remains included in the corporation's workers' compensation policy. This form states the officer or director's intent to exclude themselves from coverage. 3. Form 155 (Rev. 10/2018): Affidavit for Corporate Officer or Director who excludes oneself and is not included in a workers' compensation policy of the corporation: This affidavit is used when the corporate officer or director chooses to exclude themselves from coverage entirely, indicating that they are not covered under the corporation's workers' compensation policy. These different forms offer flexibility to corporate officers or directors in terms of their choice to be covered under the workers' compensation policy or to opt out based on their specific circumstances. Overall, the Boston Massachusetts Affidavit of Exemption for Certain Corporate Officers or Directors — Workers' Compensation provides a means for qualifying corporate officers or directors in Boston to obtain exemption from workers' compensation insurance coverage under certain conditions, while ensuring that other employees of the corporation remain protected by appropriate insurance.