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Why are old WVWCC claims used in calculating the experience modification on my BrickStreet policy?

April 26, 2017calculating experience modification policy Used

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Why are old WVWCC claims used in calculating the experience modification on my BrickStreet policy?

1 Answer

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10 Posted

The length of the experience period for calculating E-mods continues to be the three years before the most recent year (between 7.1.02 and 6.30.05 evaluated at 12.31.05). This provides a meaningful time frame for claims to have been reported and adjusted.