The Special Assessment for Systemic Misreporting of Unit Statistical Report Data Program levies assessments on insurers for having submitted inaccurate unit statistical report (USR) data due to a widespread systemic failure or deficiency that resulted in the publication of numerous inaccurate experience modifications. The assessment is determined by:

• The number of incorrect experience modifications issued based on USR corrections required to be submitted by the insurer;
• The magnitude of the impact on published experience modifications;
• The nature and extent to which the accuracy of other reported data was affected;
• Whether the insurer voluntarily identified the systemic deficiency or the deficiency was reported after the WCIRB initiated an inquiry; and
• How quickly the systemic deficiency was resolved and the inaccurate submissions corrected.

If the insurer fails to address or correct the deficiency within a reasonable period of time, the matter may be escalated to the WCIRB Governing Committee for further remedial action.

View the program: Special Assessment for Systemic Misreporting of Unit Statistical Report Data Program>