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Bureau: New Rate-Filing Rules Not Applicable to Comp

Monday, October 2, 2023 | 0

The Delaware Compensation Rating Bureau said a recently enacted bill addressing rate-filing rules does not apply to work comp carriers. Gov. John Carney on Aug. 31 enacted HB 228, which requires that rate filing be submitted at least 60 days in advance of the proposed effective date instead of 30 days. The bill also authorizes the insurance commissioner to extend the time frame to review filings and postpone effective dates until the completion of the extended review. The DCRB said the bill created some confusion about whether the new requirements apply to workers’ compensation carrier...

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