CIRCULARS

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Members and subscribers of the WCRIBMA are eligible to receive circular letters by email.
To be added to the email distribution list, please complete the Circular Letter Distribution List Request form and email it to Yvonne Torres at ytorres@wcribma.org

RELEASE DATE	CATEGORY	TITLE	DESCRIPTION
04/28/2021	Forms, Endorsements and Rules	cl2387 - Audit Noncompliance Charge - Expiration of Pilot Program	The Audit Noncompliance Charge pilot program will expire effective 11:59 P.M. on April 30, 2021.
04/23/2021	Residual Market	sb05-21 - Updated Information on Residual Market Share	Latest residual market share estimate. Data as of 4/15/21.
04/23/2021	Residual Market	sb04-21 - Residual Market Loss Ratio and Burden Estimate	The Pool Reserving Committee estimate (as of 12/31/20) of the Massachusetts loss ratio for policy year 2020 is 71% with a resulting residual market burden of 1.29%.
04/20/2021	Rates and Values	cl2386 - Important Filing Requirements For Workers’ Compensation Rate Deviation Filings that are Currently in Effect	The Division of Insurance has provided instructions that outline the filing requirements for extending or altering company rate deviation filings that are currently in effect.
04/16/2021	Data Reporting	cl2385 - Adverse Reaction to Vaccination - Nature of Injury Code	The Workers’ Compensation Insurance Organizations have established Nature of Injury Code 38 to identify claims attributed to adverse reactions to vaccinations for COVID-19 and other diseases.
04/12/2021	Classification	cl2384 - Adoption of the National Classification Phraseology and Scope for Code 5606	The Division of Insurance has approved the WCRIBMA’s Filing for the adoption of the national classification phraseology and scope, drafted by the National Council on Compensation Insurance, for Code 5606 – Contractor —Project Manager, Construction Executive, Construction Manager, or Construction Superintendent.
03/24/2021	Residual Market	sb03-21 - Policy Year 2018 Final VDAC Reapportionment	In accordance with the VDAC Program, the WCRIBMA is implementing the Final Reapportionment for policy year 2018.
03/16/2021	Miscellaneous	cl2383 - Revisions to the Massachusetts Construction Classification Premium Adjustment Program	The Division of Insurance has approved the WCRIBMA's Filing for revisions to the MA Construction Classification Premium Adjustment Program Special Program pages, including changes to the Workers’ Compensation Premium Credit Application and Acknowledgement of Receipt of Notice Form. These revisions highlight the availability of the WCRIBMA’s Online MCCPAP website tool.
02/24/2021	Residual Market	sb02-21 - Updated Information on Residual Market Share	Latest residual market share estimate. Data as of 2/15/21.
02/05/2021	Residual Market	sb01-21 - Residual Market Loss Ratio and Burden Estimate	The Pool Reserving Committee estimate (as of 9/30/20) of the Massachusetts loss ratio for policy year 2019 is 69% with a resulting residual market burden of 0.90%.
01/27/2021	Miscellaneous	cl2382 - WCRIBMA Amended and Restated Constitution	The Division of Insurance has approved the new WCRIBMA Amended and Restated Constitution.
01/21/2021	Data Reporting	cl2381 - Updated Pension Table Approval	The Commissioner of Insurance has approved revised pension tables to be used for Unit Statistical Reporting of fatal and permanent total claims that are evaluated on or after July 1, 2021.
01/18/2021	Data Reporting	cl2380 - Revisions to the Massachusetts Workers’ Compensation Statistical Plan and Experience Rating Plan	The Division of Insurance has approved the WCRIBMA’s Filing for changes within the Massachusetts Workers’ Compensation Statistical Plan and the Experience Rating Plan related to Catastophe Number 12.
01/08/2021	Miscellaneous	cl2379 - Updated Guidance in Response to the Coronavirus Pandemic	The Division of Insurance has issued Bulletins providing updated guidance on the Coronavirus Pandemic.