To be in good standing with the fund, CF registered employer’s return of earnings & payments must be up to date. And of course, penalties are incurred on late payment and interests are also charged on revolving balance.

All Business owners who employ one or more employees  full -time/Part time must register with the Compensation Fund. Before you can get a Letter of Good Standing you need to be COID Registered.
COID is to provide compensation to cover employees who get injured on duty, disabled, or even death.