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Is it possible to have more than one experience rating modification factor on one workers compensation policy?

April 26, 2017experience Factor modification policy possible rating workers compensation

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Is it possible to have more than one experience rating modification factor on one workers compensation policy?

1 Answer

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There are a few reasons why there might be multiple experience rating modifications on a single policy, but the most common is when an employer changes their policy effective date. This might result in a revised Anniversary Rating Date. If you have questions regarding other reasons for change, please contact our office for assistance.