Enrollment Now Open for NCRB's Assigned Risk Take-Out Credit Program

The North Carolina Rate Bureau has issued circulars regarding its Assigned Risk Take-Out Credit Program and the adoption of revisions to the pension tables in the North Carolina Workers’ Compensation Statistical Plan Manual. The Assigned Risk Take-Out Credit Program is designed to encourage insurers to depopulate the residual market. It does so by providing a credit to carriers for moving workers’ compensation premium from the residual market to the voluntary market, with the credits applied to the carrier’s voluntary premium used in calculating their pool participation base...