Are there any benefits to filing a cancellation with the Board earlier than just prior to the 30 and 10 day deadlines?
Yes! Carriers should notify the Board of a cancellation as soon as possible in case the Board rejects the transaction (for reasons unrelated to timely filing) and you are required to re-file the cancellation. You will also have to review, and perhaps extend, the policy cancellation date to ensure the re-filed cancellation is timely filed with the Board and the employer. Therefore, the earlier the original cancellation is submitted, the earlier you can re-file if the Board rejects the original cancellation, thus reducing or eliminating the need to extend the policy cancellation date. For more information see WCB Subject Number 046-108, June 21, 2002.
