The North Carolina Rate Bureau (NCRB) issued a circular Monday briefing assigned-risk carriers on the "take-out" credits program for 2009.NCRB said the program provides credits to carriers for premiums they collect for moving employers out of the residual market and into the voluntary market. The credits are applied to the carrier's voluntary premium used in calculating the base for participation in the state's assigned-risk workers' compensation pool.Assigned risk carriers must notice the bureau by Feb. 26 of their intent to participate in the program for 2009 policies. The notice...
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