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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
11/19/2019 Residual Market sb11-19 - 2018 Voluntary Assessable Premium The Calendar Year 2018 Voluntary Assessable Premium Bases have been finalized.
10/18/2019 Residual Market sb10-19 - Residual Market Loss Ratio and Burden Estimate The Pool Reserving Committee estimate (as of 6/30/19) of the Massachusetts loss ratio for policy year 2018 is 70% with a resulting residual market burden of 1.55%.
10/18/2019 Residual Market sb09-19 - Updated Information on Residual Market Share Latest residual market share estimate. Data as of 10/15/19.
10/10/2019 Rates and Values cl2356 - Basis of Premium – Taxi Cab Companies, Effective October 1, 2019, Applicable to New and Renewal Business The basis of premium for taxicab operators without verifiable payroll records is announced.
10/10/2019 Rates and Values cl2355 - Adjusted Individual Payroll Limitations, Effective October 1, 2019, Applicable to New and Renewal Business The individual payroll limitations for executive officers and classifications 9186, 9178 and 9179, effective October 1, 2019 are announced.
10/10/2019 Rates and Values cl2354 - Payroll Determination for Sole Proprietors, Partners Of Legal Partnerships & Members of an LLC, Effective October 1, 2019, Applicable to New And Renewal Business Effective October 1, 2019, 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 $52,100.
10/10/2019 Legislative Activity cl2353 - Maximum and Minimum Weekly Compensation Rates; COLA Payment and Reimbursement Schedules; and Attorneys’ Fee Schedule, Effective October 1, 2019 Attached is a copy of the DIA's Circular Letter No. 354, dated October 9, 2019, entitled: COLA Payment and Reimbursement Schedules; Maximum and Minimum Weekly Compensation Rates; and Attorneys’ Fee Schedule.
10/04/2019 Forms, Endorsements and Rules cl2352 - Reminder - Notification Endorsement of Pending Law Change to Terrorism Risk Insurance Program Reauthorization Act of 2015 The Notification Endorsement of Pending Law Change to Terrorism Risk Insurance Program Reauthorization Act of 2015 (WC 00 01 15) was approved by the Division of Insurance to become effective January 1, 2020.
10/01/2019 Miscellaneous cl2351 - Governing Committee Membership: 2020-2021 Term The WCRIBMA is asking that any membership company that is interested in serving on the Governing Committee for the 2020-2021 term fill out the Govering Committee representative form.
08/19/2019 Residual Market sb08-19 - Updated Information on Residual Market Share Latest residual market share estimate. Data as of 8/15/19.
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.
The Workers' Compensation Rating and Inspection Bureau of Massachusetts
101 Arch Street, 5th Floor
Boston, MA 02110