WCIRB Updates Loss-Sensitive Advisory Plan Tables

The Workers' Compensation Insurance Rating Bureau of California on Wednesday published loss-sensitive advisory plan tables for policies taking effect on or after Sept. 1. The WCIRB develops advisory plans that describe eligibility, rules and parameters for retrospective rating, large-risk deductible and small-deductible policies. They are submitted to the insurance commissioner for informational purposes only. Advisory plans are not regulations and have not been approved. WCIRB creates them as a resource for members. "Insurers should independently evaluate whether to use these plan...