Based on its analysis of data submitted by insurers, the WCIRB proposes changes to pure premium rates at least annually. Pure premium rates can be adjusted upward or downward. These proposed changes are the principal component of the WCIRB's pure premium rate filing.
The WCIRB may propose changes to the California Workers' Compensation Uniform Statistical Reporting Plan - 1995 (Uniform Statistical Reporting Plan) or the California Workers' Compensation Experience Rating Plan - 1995 (Experience Rating Plan). Changes to the Uniform Statistical Reporting Plan and Experience Rating Plan are submitted in the WCIRB's regulatory filing.
Though not subject to approval by the Insurance Commissioner, the WCIRB occasionally submits copies of advisory rating plans (i.e. California Retrospective Rating Plan, Large Risk Deductible Plan) for the Commissioner's review.
WCIRB filings are posted in the Regulatory and Pure Premium Rate Filings section.
Upon receipt of the WCIRB’s pure premium rate filing, the Insurance Commissioner may schedule a public hearing. The hearing date and location will be posted on the WCIRB website along with the filing information.
At the hearing, members of the public may testify or submit written testimony. After the hearing, the Insurance Commissioner will close the public comment period and consider the WCIRB’s filing and testimony from the public.
Within 30 days from the close of the public record, the Insurance Commissioner will issue a decision with respect to the filing. The Insurance Commissioner may accept, reject or modify the WCIRB proposal.
Shortly after the issuance of a decision on the Regulatory Filing, the WCIRB will publish updated copies of the Uniform Statistical Reporting Plan, Experience Rating Plan , Miscellaneous Regulations for the Recording and Reporting of Data and other publications as necessary. These publications are available in the Manuals and Plans section. Hardcopy versions are also available for a small cost. Visit the Products and Services section for ordering information.
In addition, the WCIRB will publish tables of the Commissioner's approved advisory pure premium rates in the Regulatory and Pure Premium Rate Filings section.