The National Council on Compensation Insurance (NCCI) recently announced a plan to alter the experience rating formula. The primary-excess split point will be increased over a three-year transition period. The potential ramifications of this change will affect a wide variety of Maryland businesses. The first stage of the transition will take effect with each state’s approved rate and loss cost filing on or after January 1, 2013. There are a number of pertinent facts that businesses must understand to avoid running into problems. These include:
- Understanding the Primary-Excess Split
- How Does This Affect My Organization?
- Preparing for Change
- Effective Dates of New Split Point Method
To learn more about these issues, read our Work Comp Insights Newsletter. For more information, contact Laura Bren at firstname.lastname@example.org.