Massachusetts' residual market mechanism is the
Massachusetts Workers' Compensation Assigned Risk Pool (MWCARP). In
accordance with
M.G.L. Chapter 152, Section 65C, the Commissioner of Insurance has
designated the Massachusetts Workers' Compensation Rating and Inspection
Bureau of Massachusetts (WCRIBMA), the licensed rating organization for
Massachusetts, to administer the assigned risk pool for workers'
compensation insurance.
The Massachusetts Workers' Compensation Assigned Risk Pool was created by
statute to provide a means for Massachusetts employers, who could not obtain
coverage in the voluntary market, to satisfy their obligations under M.G.L.
Chapter 152. The Massachusetts Workers' Compensation Assigned Risk
Pool must provide coverage to any employer who is entitled in good faith to
workers compensation insurance.