DIR Plans To Issue 2010 User Funding & Other Assessment Rates the Week of November 16

CWCI has received a number of inquiries about 2010 assessments and surcharges for user funding (the Workers’ Compensation Administration Revolving Fund, the Workers’ Compensation Fraud Account, the Uninsured Employers Benefits Trust Fund, the Subsequent Injuries Benefits Trust, and the Occupational Safety & Health Fund). The Department of Industrial Relations has yet to release the rates, which insurers must apply against insureds’ estimated annual assessable premium for policies incepting Jan. 1, 2010 through Dec.31, 2010.

Insurers are anxiously awaiting the rates so they can prepare quotes for new and renewal policies incepting in 2010, so CWCI is in regular contact with the program director at the DIR, who has confirmed that he expects to release the rates the week before Thanksgiving. As always, as soon as the state issues the 2010 rates, CWCI will issue an Executive Memo to the principal executive and designated underwriting executive at each member company, as well as a Bulletin to members and subscribers. The Institute will also post an announcement on the home page of our website (www.cwci.org) with a link to a news release detailing the 2010 rates.

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