| RELEASE DATE | CATEGORY | TITLE | DESCRIPTION |
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06/22/2021
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Residual Market
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sb06-21 - Updated Information on Residual Market Share
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Latest residual market share estimate. Data as of 6/15/21.
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04/28/2021
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Forms, Endorsements and Rules
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cl2387 - Audit Noncompliance Charge - Expiration of Pilot Program
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The Audit Noncompliance Charge pilot program will expire effective 11:59 P.M. on April 30, 2021.
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04/23/2021
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Residual Market
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sb05-21 - Updated Information on Residual Market Share
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Latest residual market share estimate. Data as of 4/15/21.
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04/23/2021
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Residual Market
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sb04-21 - Residual Market Loss Ratio and Burden Estimate
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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%.
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04/20/2021
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Rates and Values
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cl2386 - Important Filing Requirements For Workers’ Compensation Rate Deviation Filings that are Currently in Effect
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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.
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04/16/2021
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Data Reporting
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cl2385 - Adverse Reaction to Vaccination - Nature of Injury Code
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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.
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04/12/2021
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Classification
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cl2384 - Adoption of the National Classification Phraseology and Scope for Code 5606
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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.
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03/24/2021
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Residual Market
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sb03-21 - Policy Year 2018 Final VDAC Reapportionment
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In accordance with the VDAC Program, the WCRIBMA is implementing the Final Reapportionment for policy year 2018.
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03/16/2021
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Miscellaneous
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cl2383 - Revisions to the Massachusetts Construction Classification Premium Adjustment Program
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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.
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02/24/2021
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Residual Market
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sb02-21 - Updated Information on Residual Market Share
|
Latest residual market share estimate. Data as of 2/15/21.
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02/05/2021
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Residual Market
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sb01-21 - Residual Market Loss Ratio and Burden Estimate
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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%.
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01/27/2021
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Miscellaneous
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cl2382 - WCRIBMA Amended and Restated Constitution
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The Division of Insurance has approved the new WCRIBMA Amended and Restated Constitution.
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01/21/2021
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Data Reporting
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cl2381 - Updated Pension Table Approval
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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.
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01/18/2021
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Data Reporting
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cl2380 - Revisions to the Massachusetts Workers’ Compensation Statistical Plan and Experience Rating Plan
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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.
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01/08/2021
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Miscellaneous
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cl2379 - Updated Guidance in Response to the Coronavirus Pandemic
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The Division of Insurance has issued Bulletins providing updated guidance on the Coronavirus Pandemic.
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