TDI Adopts NCCI Manual Revisions for Payroll Inclusions, Exclusions

The Texas Department of Insurance adopted a National Council on Compensation Insurance filing that clarifies basic manual rules governing payroll inclusion and exclusion. NCCI Item B-1448 — “Revisions to Basic Manual Rules Related to Payroll Inclusions and Payroll Exclusions” — informs insurers whether to include or exclude specified items in payroll, including:  Employee-authorized reductions for purchasing stock options or stock purchase plans. Employer contributions to the cashless exercise of stock options, stock purchase plans and exercise of stock option...