What are the timeframes with respect to the annual loss cost revision and the implementation of revised workers compensation loss costs?
The Rating Board submits its annual loss cost revision to the Insurance Department no later than May 15 of each year for an October 1 effective date. Upon approval of its filing, the Rating Board then publishes classification loss costs and rating values, reflecting the approved loss costs. The insurance carriers are then responsible for developing and publishing their classification rates in time for the October 1 date.
Related Questions
- What if I have exhausted my annual Federal Direct Subsidized/Unsubsidized Loan eligibility and I still have not reached the cost of attendance? How do I secure additional loans?
- What are the timeframes with respect to the annual loss cost revision and the implementation of revised workers compensation loss costs?
- Do retirees get an annual cost of living adjustment?
