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WCIRB Submits January 1, 2017 Regulatory Filing

Today, the WCIRB submitted to the California Department of Insurance (CDI) a January 1, 2017 Regulatory Filing that proposes changes to the Insurance Commissioner’s regulations contained in the California Workers’ Compensation Uniform Statistical Reporting Plan–1995 (Uniform Statistical Reporting Plan), the California Workers’ Compensation Experience Rating Plan–1995 (Experience Rating Plan), and the Miscellaneous Regulations for the Recording and Reporting of Data–1995.

Proposed Changes to the Uniform Statistical Reporting Plan

Among the proposed amendments to the Uniform Statistical Rating Plan are changes to the Standard Classification System and to the definition of medical-only claims to specify that all claims, including first aid claims, must be reported to the WCIRB.

Proposed Changes to the Experience Rating Plan

The Filing also contains proposed amendments to the Experience Rating Plan including changes to the experience modification worksheet to show the primary threshold and revised tables to include proposed 2017 experience rating values based on the variable split plan that was approved in last year’s Regulatory Filing to be effective January 1, 2017. These proposed experience rating values include primary thresholds by employer size, D-Ratios for each primary threshold and each classification, expected loss rates by classification, and credibility primary and credibility excess values.  (View the proposed revised tables here.)

The complete Filing containing all of the WCIRB’s proposed changes and any related documents are available in the Publications and Filings section of the WCIRB website (www.wcirb.com). The WCIRB website will be updated to provide a copy of the Notice of Proposed Action and Notice of Public Comment once it is received from the CDI.

This Filing does not contain proposed changes to the advisory pure premium rates. The WCIRB anticipates submitting the January 1, 2017 Pure Premium Rate Filing this August.

For More Information

January 1, 2017 Regulatory Filing

Section C - Proposed Table I -Expected Loss Rates and D-Ratios 

June 28, 2016