• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • WCW HOME
  • Submit a Wire!
  • Advertising
  • Media Partners
  • About
  • Contact Us

WorkCompWire

Your Trusted Source for Workers Compensation News

Enlyte
  • Workers Compensation News
    • Workers Compensation Industry News
    • Association, Rating & Research News
    • Claims, Legal, & Compliance News
    • Legislative & Regulatory News
    • Risk Management News
    • Work Force & Human Resource News
  • Featured Articles
  • Leaders Speak
  • Editor’s Forum
  • People On The Move

NH Insurance Dept Approves January 1, 2014 NCCI Filing

October 24, 2013 - WorkCompWire

Concord, NH – The State of New Hampshire Insurance Department recently approved the National Council on Compensation Insurance’s Advisory Loss Cost and Rating Values filing dated August 2, 2013 to be effective January 1, 2014.

The approved voluntary loss cost change is a decrease of 6.5% on average. The average approved change for Assigned Risk rates is a decrease of 4.2%. The residual market loss cost multiplier for 2014 will be 1.609. Insurers should continue to refer to a previous Bulletin (Docket No. INS No. 12-039-AB, issued November 2, 2012) for additional information on incorporating the cost of the NH WC Administration Fund Assessment into their rates for voluntary coverage.

In line with the department’s July 1, 1995 directive, all insurers writing Workers’ Compensation coverage in the State of New Hampshire are required to adopt and use NCCI’s we Advisory Loss Cost and Rating Values effective January 1, 2014. No filings are necessary unless the insurer wants to change its loss cost multiplier for 2014. Approval of any such filing will be contingent upon the submission of appropriate justification along with a completed Form RFF-l, Prospective loss Costs Reference Filing Adoption Form.

Furthermore, any filings received during January 2014 pertaining to this item may be retroactively applied to reflect an effective date of January 1, 2014.

Source: NH Insurance Dept

Filed Under: Association, Rating & Research News, Industry News, Legislative & Regulatory News, Top Stories, Work Force & Human Resource News, Workers' Compensation

Primary Sidebar

Get Our Free Newsletter:

Select list(s) to subscribe to


By submitting this form, you are consenting to receive marketing emails from: WorkCompWire.com, PO Box 1114, Culver City, CA, 90232, http://www.workcompwire.com. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

myMatrixx

Paradigm

One Call

Triton

Follow Us on Twitter

Tweets by WorkCompWire

Workers Compensation News Topics

  • Top Stories
  • Featured Articles
  • Leaders Speak
  • Editor’s Forum
  • The RxProfessor
  • Industry News
  • Association, Rating & Research News
  • People On The Move
  • Claims, Legal, & Compliance News
  • Legislative & Regulatory News
  • Risk Management News
  • Work Force & Human Resource News
  • Workers’ Compensation

Wire Archives

Copyright WorkCompWire © 2023