Can loss corrections be filed for changes in claim amounts between valuation dates?
A correction of a loss report can only be filed between valuation dates when any of the following occurs: – Loss values are found to have been included or excluded through a mistake other than error of judgment. – One or more claims are declared non-compensable as defined in the Experience Rating Plan Manual. – The carrier has obtained a subrogation recovery in an action against a third party or has received, or anticipates receiving reimbursement from the Second Injury Fund. – A clerical error in either the classification assignment or the injury code assignment of a given claim, or group of claims, has been discovered. – The determination of an aggravated inequity has occurred. Refer to the Wisconsin Experience Rating Plan Manual. Correction reports shall NOT be filed to revise values because of developments in the claim amounts and/or injury type between two valuation dates except in cases involving an aggravated inequity. WCRB will reject any loss correction reports that are not re
A correction of a loss report can only be filed between valuation dates when any of the following occurs: – Loss values are found to have been included or excluded through a mistake other than error of judgment. – One or more claims are declared non-compensable as defined in the Experience Rating Plan Manual. – The carrier has obtained a subrogation recovery in an action against a third party or has received, or anticipates receiving reimbursement from the Second Injury Fund. – A clerical error in either the classification assignment or the injury code assignment of a given claim, or group of claims, has been discovered. – The determination of an aggravated inequity has occurred. Refer to the WI Experience Rating Plan Manual. Correction reports shall NOT be filed to revise values because of developments in the claim amounts and/or injury type between two valuation dates except in cases involving an aggravated inequity. WCRB will reject any loss correction reports that are not reported
