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NCCI Values Reference Required on Rate Filing

Thursday, April 17, 2014 | 0

All Texas workers' comp insurers writing policies with an effective date on or after June 1 must make a rate filing referencing the National Council on Compensation Insurance’s miscellaneous values filing, the Texas Department of Insurance announced in a release.TDI said it accepts NCCI’s rate filing for miscellaneous values, which includes the loss elimination ratios for the deductible options. Under Insurance Code Section 2053.202, all insurers must offer at least three optional deductible plans to policyholders. Insurers may also continue to offer negotiated deductibles.An i...

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