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Glossary

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Rate Filing

A document that is submitted at least annually by the WCIRB to the California Insurance Commissioner, recommending changes to pure premium rates. The Insurance Commissioner may approve, modify, or reject recommended changes following a public hearing.

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Rate(s)

The cost of insurance per unit of exposure such as per $100 of payroll.

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Rating Effective Date

Also known as the Anniversary Rating Date (ARD), the effective date for which an experience modification is established for an employer; it is usually set based on the effective date of the preceding policy.

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Remuneration

Refers to compensation given to an employee; includes gross wages, salaries and commissions, bonuses, vacation, holiday and sick pay; etc.

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Rerate

A revision to a previously published experience modification. The California Workers' Compensation Experience Rating Plan - 1995  lists specific criteria under which an experience modification can be revised.

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Retrospective Rating

An optional rating plan that adjusts the premium of a policy based on the losses incurred on the policy.