NCCI Proposes Changes to Classification Codes

The National Council on Compensation Insurance is proposing revisions to the classifications in its Basic Manual to eliminate some classifications that have too little premium volume to provide credible loss data, the Texas Department of Insurance announced Wednesday. Specifically, NCCI is proposing changes to Item B-1431 and Item 01-TX-2016 for new and renewal policies with effective dates on and after July 1, 2017. TDI said Item B-1431 eliminates some Texas classifications with low credibility due to a lack of meaningful data on losses and reassigns them to other national or Texas classifi...