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
07/19/2019	Residual Market	sb07-19 - Residual Market Loss Ratio and Burden Estimate	The Pool Reserving Committee estimate (as of 3/31/19) of the Massachusetts loss ratio for policy year 2018 is 70% with a resulting residual market burden of 1.57%.
06/28/2019	Legislative Activity	cl2350 - Department of Industrial Accidents Assessment	DIA Assessment rates effective July 1, 2019 are announced.
06/24/2019	Residual Market	sb06-19 - Updated Information on Residual Market Share	Latest residual market share estimate. Data as of 6/18/19.
06/14/2019	Data Reporting	cl2349 - Massachusetts Indemnity Data Call	The WCRIBMA’s Governing Committee authorized the implementation of a Massachusetts Indemnity Data Call to be reported directly to the WCRIBMA.
04/29/2019	Residual Market	sb05-19 - Updated Information on Residual Market Share	Latest residual market share estimate. Data as of 4/15/19.
04/09/2019	Residual Market	sb04-19 - Residual Market Loss Ratio and Burden Estimate	The Pool Reserving Committee estimate (as of 12/31/18) of the Massachusetts loss ratio for policy year 2018 is 67% with a resulting residual market burden of 0.78%.
04/04/2019	Forms, Endorsements and Rules	cl2348 - Establishment of an Audit Noncompliance Charge	The Commissioner of Insurance approved a filing that, in part, established a rule, endorsement and statistical code to enable workers’ compensation insurance carriers to apply an Audit Noncompliance Charge to employers insured in the voluntary market that do not allow the insurer to examine and audit their records.
03/21/2019	Rates and Values	cl2347 - 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.
03/19/2019	Residual Market	sb03-19 - Policy Year 2016 Final VDAC Reapportionment	In accordance with the VDAC Program, the WCRIBMA is implementing the Final Reapportionment for policy year 2016.
03/15/2019	Forms, Endorsements and Rules	cl2346 - Massachusetts Employee Leasing Endorsement (WC 20 03 04 C)	The Division of Insurance has approved a revised Massachusetts Employee Leasing Endorsement (WC 20 03 04 C).
02/22/2019	Residual Market	sb02-19 - Updated Information on Residual Market Share	Latest residual market share estimate. Data as of 2/15/19.
01/29/2019	Residual Market	sb01-19 - Residual Market Loss Ratio and Burden Estimate	The Pool Reserving Committee estimate (as of 9/30/18) of the Massachusetts loss ratio for policy year 2017 is 67% with a resulting residual market burden of 0.57%.
01/03/2019	Data Reporting	cl2345 - 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, 2019.