DOES THE TML POOL SUBSCRIBE TO THE NCCI WORKERS COMPENSATION RATES AND/OR MODIFICATIONS?
No. The TML Pool does not subscribe to the NCCI rates and mods nor does it file rates with the State. The services of independent actuaries are enlisted, to promulgate rates that are specifically tailored to the exposures and loss histories of the TML Pool clients. Since we write the coverage for approximately 93% of the cities and towns in Tennessee, we believe that our rate structure is certainly credible for the exposures that are rated. The TML Pool is not part of the Tennessee Assigned Risk Workers Compensation Pool and for this reason does not have to accept a share of the Residual Market (Assigned Risk clients). This helps to keep premiums down, as the Pool does not have to cover any residual market losses.
