San Francisco, CA – The California Insurance Commissioner recently issued a decision regarding the WCIRB’s January 1, 2017 Regulatory Filing which was submitted to the California Department of Insurance (CDI) on June 28, 2016 and subject to a public comment period that ended on September 28, 2016. In the Decision, the Commissioner approved all of the WCIRB’s proposed changes effective January 1, 2017 to the California Workers’ Compensation Uniform Statistical Reporting Plan—1995 (USRP), Miscellaneous Regulations for the Recording and Reporting of Data—1995 (Miscellaneous Regulations), and California Workers’ Compensation Experience Rating Plan—1995 (ERP) with one exception.
Changes to the USRP
The Insurance Commissioner approved all the changes to the Standard Classification System proposed by the WCIRB with the exception that a number of clarifying changes to Classifications 5474(1)/5482(1), 5506, 6218(2)/6220(2), 5507 and 8227 were not approved due to a pending appeal before the CDI Administrative Hearing Bureau.
Changes to the ERP
The Insurance Commissioner approved all the proposed amendments to the ERP including the WCIRB’s proposed 2017 rating values to be used in the computation of 2017 experience modifications in accordance with the variable split experience rating formula adopted by the Commissioner in 2015 to be effective January 1, 2017. The approved 2017 experience rating eligibility threshold is $10,100. (View the approved revised tables.)
Availability of Experience Rating Information
The WCIRB will begin calculating January 2017 experience modifications within the next several days. Insurers, agents and brokers may access 2017 experience rating information via WCIRB Connect (connect.wcirb.com) once they are issued.
Updated Manuals for 2017
The WCIRB is in the process of updating the USRP, Miscellaneous Regulations and ERP. Once complete, these documents will be posted to the Publications and Filings page of the WCIRB website. In the interim, the WCIRB has prepared the 2017 Quick Reference Guide summarizing the approved changes to the Commissioner’s regulations.
The Decision pertains only to the WCIRB’s Regulatory Filing and does not include amendments to advisory pure premium rates. Changes to advisory pure premium rates were proposed in the WCIRB’s amended January 1, 2017 Pure Premium Rate Filing submitted on October 3, 2016.
Source: CA WCIRB