Comprehend the role of the WCIRB, what is covered by a workers' compensation insurance policy, how the industry is regulated and where to go for assistance for issues beyond the WCIRB's purview.
Discern the difference between Pure Premium Rates and the rates charged by an insurer.
Learn how a company's classification impacts its insurance premiums and the basic principles of the classification system, including assignment by analogy, single versus multiple enterprises and general inclusions and exclusions.
Discover the purpose of the experience rating system, eligibility requirements, source of experience rating data and experience modification calculation.
While this guide is not a substitute for the knowledge and experience of your insurance professional, it should help you understand the basic workings of the system. Nothing in this guide takes precedence over the Insurance Commissioner's regulations or California law. If you have questions, contact your insurance professional.