Indiana: Second injury fund assessment rate announced

The Compensation Rating Bureau issued a circular stating that the 2012 statewide average policy surcharge factors is 0.0066.

The bureau does not file an advisory policy surcharge factor with the Department of Insurance. Each carrier must calculate and apply its own factor to its policies. For assigned risk policies, servicing carriers should use the 0.0066 factor. Carriers must complete a certification form and send with its payment to the Workers' Compensation Board. The bureau pointed out that the carrier must show the assessment on policies. The surcharge is not premium, so the amount must be excluded for purposes of agent commission and premium taxes.

Read more at the WorkersComp Forum homepage.

Washington: DLI looks to establish medical provider network (09/10/12)
New York: Temporary insurance rule in effect (11/07/11)
Washington: Safety and health grants program rules allow for funding (03/05/12)
Oregon: Division sets claims processing administrative cost factor (01/30/12)
Alaska: Amendments would tweak medical benefits rules (09/29/11)

February 6, 2012

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