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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
11/10/2021 Residual Market sb11-21 - 2020 Voluntary Assessable Premium The Calendar Year 2020 Voluntary Assessable Premium Bases have been finalized.
10/27/2021 Residual Market sb10-21 - Updated Information on Residual Market Share Latest residual market share estimate. Data as of 10/15/21.
10/27/2021 Residual Market sb09-21 - Residual Market Loss Ratio and Burden Estimate The Pool Reserving Committee estimate (as of 6/30/21) of the Massachusetts loss ratio for policy year 2020 is 70% with a resulting residual market burden of 1.11%.
10/15/2021 Miscellaneous cl2393 - Governing Committee Membership: 2022-2023 Term The WCRIBMA is asking that any membership company that is interested in serving on the Governing Committee for the 2022-2023 term fill out the Govering Committee representative form.
10/06/2021 Rates and Values cl2392 - Basis of Premium – Taxi Cab Companies, Effective October 1, 2021, Applicable to New and Renewal Business The basis of premium for taxicab operators without verifiable payroll records is announced.
10/06/2021 Rates and Values cl2391 - Adjusted Individual Payroll Limitations, Effective October 1, 2021, Applicable to New and Renewal Business The individual payroll limitations for executive officers and classifications 9186, 9178 and 9179, effective October 1, 2021 are announced.
10/06/2021 Rates and Values cl2390 - Payroll Determination for Sole Proprietors, Partners of Legal Partnerships & Members of an LLC, Effective October 1, 2021, Applicable to New and Renewal Business Effective October 1, 2021, 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 $61,700.
10/05/2021 Legislative Activity cl2389 - Maximum and Minimum Weekly Compensation Rates; COLA Payment and Reimbursement Schedules; and Attorneys’ Fee Schedule, Effective October 1, 2021 Attached is a copy of the DIA's Circular Letter No. 356, dated October 4, 2021, entitled: COLA Payment and Reimbursement Schedules; Maximum and Minimum Weekly Compensation Rates; and Attorneys’ Fee Schedule.
08/24/2021 Residual Market sb08-21 - Updated Information on Residual Market Share Latest residual market share estimate. Data as of 8/16/21.
07/26/2021 Residual Market sb07-21 - Residual Market Loss Ratio and Burden Estimate The Pool Reserving Committee estimate (as of 3/31/21) of the Massachusetts loss ratio for policy year 2020 is 71% with a resulting residual market burden of 1.34%.
07/02/2021 Legislative Activity cl2388 - Department of Industrial Accidents Assessment DIA Assessment rates effective July 1, 2021 are announced.
06/22/2021 Residual Market sb06-21 - Updated Information on Residual Market Share Latest residual market share estimate. Data as of 6/15/21.
04/28/2021 Forms, Endorsements and Rules cl2387 - Audit Noncompliance Charge - Expiration of Pilot Program The Audit Noncompliance Charge pilot program will expire effective 11:59 P.M. on April 30, 2021.
04/23/2021 Residual Market sb05-21 - Updated Information on Residual Market Share Latest residual market share estimate. Data as of 4/15/21.
04/23/2021 Residual Market sb04-21 - Residual Market Loss Ratio and Burden Estimate 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%.
04/20/2021 Rates and Values cl2386 - 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.
04/16/2021 Data Reporting cl2385 - Adverse Reaction to Vaccination - Nature of Injury Code 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.
04/12/2021 Classification cl2384 - Adoption of the National Classification Phraseology and Scope for Code 5606 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.
03/24/2021 Residual Market sb03-21 - Policy Year 2018 Final VDAC Reapportionment In accordance with the VDAC Program, the WCRIBMA is implementing the Final Reapportionment for policy year 2018.
03/16/2021 Miscellaneous cl2383 - Revisions to the Massachusetts Construction Classification Premium Adjustment Program 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.
02/24/2021 Residual Market sb02-21 - Updated Information on Residual Market Share Latest residual market share estimate. Data as of 2/15/21.
02/05/2021 Residual Market sb01-21 - Residual Market Loss Ratio and Burden Estimate 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%.
01/27/2021 Miscellaneous cl2382 - WCRIBMA Amended and Restated Constitution The Division of Insurance has approved the new WCRIBMA Amended and Restated Constitution.
01/21/2021 Data Reporting cl2381 - 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, 2021.
01/18/2021 Data Reporting cl2380 - Revisions to the Massachusetts Workers’ Compensation Statistical Plan and Experience Rating Plan 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.
01/08/2021 Miscellaneous cl2379 - Updated Guidance in Response to the Coronavirus Pandemic The Division of Insurance has issued Bulletins providing updated guidance on the Coronavirus Pandemic.
The Workers' Compensation Rating and Inspection Bureau of Massachusetts
101 Arch Street, 5th Floor
Boston, MA 02110