WCIRB Updates Loss-Sensitive Advisory Plans

The Workers’ Compensation Insurance Rating Bureau of California updated loss-sensitive advisory plans for policies incepting on or after Sept. 1. The WCIRB develops advisory plans for the convenience of members. The plans describe eligibility and pricing rules and parameters necessary to price policies. They are submitted to the insurance commissioner for informational purposes, but they are not regulations and have not been approved by the commissioner. “An insurer must make an independent assessment regarding its use of these plans based upon its particular facts and circumsta...