State Makes Changes to Its Workers' Comp Stat Plan, Manuals

The Texas Department of Insurance has approved changes — mostly updates and clarifications — to the National Council on Compensation Insurance’s forms and statistical rating plan for the state. Implementation of the changes, which were originally supposed to apply mid-2015, were delayed a year and will instead take effect on July 1. The changes clarify the application of a number of class codes, and correct omissions and update terminology for various parts of the plan. One revision clarifies that managers who have less than a 25% equity stake in a limit...