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Servicing Carriers


Pool Carrier History

A servicing carrier is a designated member company of the Pool which issues policies and provides services to assigned employers in return for a servicing carrier fee paid by the Pool.

The WCRIB may recommend the designation of one or more insurers as servicing carriers to issue policies of insurance to employers qualified for coverage under Chapter 152, Section 65A of the Massachusetts General Laws, as amended, subject to the approval of the Commissioner.

The servicing carrier shall continue as a servicing carrier for subsequent years, unless it gives the Commissioner ninety (90) days advance written notice of its intention to resign as a servicing carrier, or unless such designation is rescinded by the Commissioner. The designation may also be rescinded for cause by the WCRIB, subject to the approval of the Commissioner.

Any member of the Pool may apply to the Pool for servicing carrier designation provided the member company:

  • has been writing workers' compensation insurance in the Commonwealth of Massachusetts during at least the five (5) years immediately preceding the request to be designated a servicing carrier;

  • has and maintains a record of financial stability and strength;

  • has and maintains, at a minimum, a workers' compensation voluntary market share of 1% in the Commonwealth of Massachusetts; and

  • has and maintains the capacity to conform to the Performance Standards for Servicing Carriers set forth in the Pool Plan of Operation.

A servicing carrier's failure to maintain eligibility shall be considered cause for rescinding its designation as servicing carrier.


Resources

Assigned Risk Pool Plan of Operation

Coverages Available

Depopulation Reports

MA Take-Out Credit Program

Pool Data

Residual Market Load Estimator

Servicing Carriers

VDAC Carriers

Voluntary Direct Assignment (VDAC) Program

The Workers' Compensation Rating and Inspection Bureau of Massachusetts
101 Arch Street, 5th Floor
Boston, MA 02110