Rating Bureau Posts Updated Loss-Sensitive Advisory Plan Tables

The Workers’ Compensation Insurance Rating Bureau of California released updated loss-sensitive advisory plan tables for policies taking effect on or after Sept. 1. The WCIRB develops the advisory plans, which describe eligibility, rules and parameters necessary to price policies, for the convenience of members. They are submitted to the insurance commissioner for informational purposes, but they are not regulations and have not been approved by him. "Insurers should independently assess the use of these plans based on their unique facts and circumstances,” the WCIRB said. ...