In a Decision dated October 17, 2013, the California Insurance Commissioner approved a number of changes to the California Workers’ Compensation Uniform Statistical Reporting Plan—1995 (USRP), the California Workers’ Compensation Experience Rating Plan—1995 (ERP), and the Miscellaneous Regulations for the Recording and Reporting of Data—1995 (Misc Regs) effective January 1, 2014. Revised versions of these publications reflecting the Insurance Commissioner’s Decision are now available on the WCIRB website.
In addition, the WCIRB has published updated advisory plan information including updated California Hazard Group Assignments and Loss Elimination Ratios, and updated versions of the California Small Deductible Plan, California Insolvent Insurer Rating Adjustment Plan, and California Basic Underwriting Manual. These advisory plans and supplemental tables are published as a convenience for WCIRB members and do not bear the official approval of the Insurance Commissioner.
These publications may now be printed, viewed or downloaded by visiting the Publications and Filings > Manuals and Plans section of the website (www.wcirb.com) or by clicking the links below.
The Insurance Commissioner issued a separate Decision on November 22, 2013 regarding the WCIRB’s January 1, 2014 Pure Premium Rate Filing. (See related story, Commissioner Issues Decision on 2014 Rating Filing.) Approved advisory pure premium rates and ERP values are now available on the WCIRB website.
The WCIRB began calculating 2014 experience modifications shortly after receiving the Decision on Friday, and as of this morning, the vast majority of first quarter experience modifications—nearly 25,000—have been issued. Insurers, agents and brokers may access these experience modifications online using the WCIRB’s new STAR Online system (insurers) or the WCIRB Online system (insurers, agents and brokers).