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TDI Adopts NCCI Manual Revisions Related to State and Federal Tax Multipliers

By Steve Nichols (News Contributor)

Wednesday, November 29, 2023 | 0

The Texas Department of Insurance adopted NCCI Item R-1422 — Revisions to the Retrospective Rating Plan Manual Rule Related to the Tax Multiplier. The filing updates information related to state and federal tax multipliers. Workers' compensation carriers use NCCI's Tax and Assessment Directory to determine individual state tax multipliers for licenses, fees, assessments and taxes that carriers must pay on premium for retrospective policies. NCCI no longer provides the tax multipliers in the TAAD, but rather provides the tax multiplier formula in the TAAD that carriers can use to...

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