Notice: Passwords are now case-sensitive

Remember Me
Register a new account
Forgot your password?

Rating Bureau Launches Online Short-Rate Calculator

Wednesday, November 24, 2021 | 0

The New Jersey Compensation Rating and Inspection Bureau launched an online calculator to estimate the short-rate penalty premium to be assessed when a policyholder cancels coverage before the expiration date. The calculator requires the user to input the policy's effective and cancellation dates, experience modification for the coverage period, classification codes and audited payroll information. The algorithm will autofill the policy expiration date, number of days for which the policy is written and in effect, the short-rate percentage and manual rate. The short-rate calculator is h...

Purchase this story for only $7.99!

For access to all of our articles, check out our subscription options.


Related Articles