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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 DATECATEGORYTITLEDESCRIPTION
10/25/2018 Forms, Endorsements and Rules cl2344 - Notification Endorsement of Pending Law Change to Terrorism Risk Insurance Program Reauthorization Act of 2015 The Division of Insurance approved the WCRIBMA’s filing to adopt the Notification Endorsement of Pending Law Change to Terrorism Risk Insurance Program Reauthorization Act of 2015 (WC 00 01 15).
10/24/2018 Residual Market sb11-18 - Residual Market Loss Ratio and Burden Estimate The Pool Reserving Committee estimate (as of 6/30/18) of the Massachusetts loss ratio for policy year 2017 is 67% with a resulting residual market burden of 0.69%.
10/24/2018 Residual Market sb10-18 - Updated Information on Residual Market Share Latest residual market share estimate. Data as of 10/15/18.
10/09/2018 Rates and Values cl2343 - Adjusted Individual Payroll Limitations, Effective October 1, 2018, Applicable to New and Renewal Business The individual payroll limitations for executive officers and classifications 9186, 9178 and 9179, effective October 1, 2018 are announced.
10/09/2018 Rates and Values cl2342 - Basis of Premium – Taxi Cab Companies, Effective October 1, 2018, Applicable to New and Renewal Business The basis of premium for taxicab operators without verifiable payroll records is announced.
10/09/2018 Rates and Values cl2341 - Payroll Determination for Sole Proprietors, Partners of Legal Partnerships & Members of an LLC, Effective October 1, 2018, Applicable to New and Renewal Business Effective October 1, 2018, the basis of premium to be used for premium determination for sole proprietors, partners, and members of an LLC who elect to be covered as employees is $50,400.
10/09/2018 Legislative Activity cl2340 - Maximum and Minimum Weekly Compensation Rates; COLA Payment and Reimbursement Schedules; and Attorneys’ Fee Schedule, Effective October 1, 2018 Attached is a copy of the DIA's Circular Letter No. 353, dated October 9, 2018, entitled: COLA Payment and Reimbursement Schedules; Maximum and Minimum Weekly Compensation Rates; and Attorneys’ Fee Schedule.
10/04/2018 Residual Market sb09-18 - 2017 Voluntary Assessable Premium The Calendar Year 2017 Voluntary Assessable Premium Bases have been finalized.
10/04/2018 Miscellaneous cl2339 - Governing Committee Membership: 2019-2020 Term The WCRIBMA is asking that any membership company that is interested in serving on the Governing Committee for the 2019-2020 term fill out the Govering Committee representative form.
09/28/2018 Data Reporting cl2338 - Clarification Regarding the Issuance and Reporting of Policies Issued to Employee Leasing Companies, Professional Employer Organizations, Staffing Firms & Temporary Employment Agencies This circular provides clarification to the Massachusetts workers’ compensation industry with regard to both the issuance and the reporting of policies issued to employee leasing companies, professional employer organizations, staffing firms and temporary employment agencies.
09/14/2018 Miscellaneous cl2337 - WCRIBMA Test Audit Program The WCRIBMA’s Governing Committee has approved the implementation of a test audit program as authorized in Article IV of the WCRIBMA’s Constitution.
08/21/2018 Residual Market sb08-18 - Updated Information on Residual Market Share Latest residual market share estimate. Data as of 8/15/18.
07/27/2018 Residual Market sb07-18 - Residual Market Loss Ratio and Burden Estimate The Pool Reserving Committee estimate (as of 3/31/18) of the Massachusetts loss ratio for policy year 2017 is 67% with a resulting residual market burden of 0.76%.
06/29/2018 Data Reporting cl2336 - Unit Statistical Reporting Data Quality Incentive Program The list of data quality edits that may be finable effective January 1, 2019 under the Unit Statistical Reporting Data Quality Incentive Program (USDQIP) are displayed.
06/27/2018 Legislative Activity cl2335 - Department of Industrial Accidents Assessment DIA Assessment rates effective July 1, 2018 are announced.
06/21/2018 Residual Market sb06-18 - Updated Information on Residual Market Share Latest residual market share estimate. Data as of 6/15/18.
04/20/2018 Residual Market sb05-18 - Updated Information on Residual Market Share Latest residual market share estimate. Data as of 4/16/18.
04/10/2018 Residual Market sb04-18 - Residual Market Loss Ratio and Burden Estimate The Pool Reserving Committee estimate (as of 12/31/17) of the Massachusetts loss ratio for policy year 2017 is 67% with a resulting residual market burden of 0.83%.
04/04/2018 Forms, Endorsements and Rules cl2334 - Notice of Hearing A Hearing on the Audit Noncompliance Charge Filing will be held at 10:00 A.M., on Thursday, May 3, 2018 at the Division of Insurance, 1000 Washington Street, Boston, MA.
04/04/2018 Data Reporting cl2333 - Data Reporting - Workers' Compensation Terrorism Data for Federal Insurance Office - Section 111 of TRIPRA of 2015 The United States Department of the Treasury’s Federal Insurance Office (FIO), in accordance with Section 111 of the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA) of 2015, has requested data from insurance carriers relating to terrorism coverage.
03/29/2018 Rates and Values cl2332 - Guidelines for Workers' Compensation Rate Deviation Filings to be Effective on or after July 1, 2018 Attached are the guidelines recently released by the Division of Insurance.
03/29/2018 Classification cl2331 - Revised Scope of Classification Codes 5040, 5059 & 5538 Effective July 1, 2018 As part of the recently announced general revision of workers’ compensation rates which will take effect July 1, 2018, the SCOPES for certain Classification Codes have been updated to clearly describe all operations that are common to all insureds involved in certain types of steel erection projects.
03/26/2018 Rates and Values cl2330 - Manual Rates and Rating Values Effective July 1, 2018 Attached find the July 1, 2018 manual rates and rating values.
03/26/2018 Rates and Values cl2329 - Changes in Manual Rates by Class and Effects of July 1, 2018 Rate Change Attached find the changes in manual rates by class and a summary of the effects of the July 1, 2018 rate change.
03/23/2018 Rates and Values cl2328 - General Revision of Rates, Effective July 1, 2018 Applicable to New and Renewal Business The Commissioner of Insurance has approved a Stipulation for the general revision of workers' compensation rates, effective 12:01 AM, July 1, 2018 applicable to new and renewal policies.
03/16/2018 Residual Market sb03-18 - Policy Year 2015 Final VDAC Reapportionment In accordance with the VDAC Program, the WCRIBMA is implementing the Final Reapportionment for policy year 2015.
02/21/2018 Residual Market sb02-18 - Updated Information on Residual Market Share Latest residual market share estimate. Data as of 2/15/18.
02/01/2018 Residual Market np18-1 - Clarification on the Use of the Waiver of our Right to Recover from Others Endorsement (WC 00 03 13) on Policies Issued Through the Massachusetts Workers’ Compensation Assigned Risk Pool This notice provides clarification regarding two areas of confusion which are generating a growing number of questions when determining if the insured has met the Pool’s contractual requirements that enable the carrier to apply the Waiver endorsement.
01/19/2018 Residual Market sb01-18 - Residual Market Loss Ratio and Burden Estimate The Pool Reserving Committee estimate (as of 9/30/17) of the Massachusetts loss ratio for policy year 2017 is 68% with a resulting residual market burden of 1.05%.
01/08/2018 Rates and Values cl2327 - Notice of Hearing A Hearing on the Rate Filing will be held at 10:00 A.M., on Monday, January 29, 2018 at the Division of Insurance, 1000 Washington Street, Boston, MA.
The Workers' Compensation Rating and Inspection Bureau of Massachusetts
101 Arch Street, 5th Floor
Boston, MA 02110