Today, the California Insurance Commissioner issued a Decision regarding the Workers’ Compensation Insurance Rating Bureau of California’s (WCIRB’s) September 1, 2024 Regulatory Filing. The WCIRB submitted the filing to the California Department of Insurance (CDI) on February 27, 2024.
The Commissioner approved all of the WCIRB’s proposed changes to the California Workers’ Compensation Uniform Statistical Reporting Plan—1995 (USRP), California Workers’ Compensation Experience Rating Plan—1995 (ERP) and Miscellaneous Regulations for the Recording and Reporting of Data—1995 (Miscellaneous Regulations) that were proposed to take effect September 1, 2024.
Availability of Experience Rating Information
The WCIRB will begin calculating September 2024 experience modifications within the next several days. Insurers, agents and brokers may access 2024 experience rating information via WCIRB Connect®.
Updated Regulations for September 1, 2024
The WCIRB is in the process of updating the USRP, ERP and Miscellaneous Regulations. Once complete, these documents will be posted to the Filings and Plans section of the WCIRB website. In the interim, the WCIRB has prepared the September 1, 2024 Regulatory Filing Quick Reference Guide: USRP and ERP Changes page that summarizes the approved changes to the Commissioner’s regulations.
The Commissioner’s Decision pertains only to the WCIRB’s September 1, 2024 Regulatory Filing and does not address the WCIRB’s proposed September 1, 2024 changes to advisory pure premium rates filed with the Commissioner in April.