The New Jersey Rating and Inspection Bureau is advising workers' compensation carriers to delay the issuance of policies effective Jan. 1 or later because it is working on changes to manual rates.
In Circular Letter 1897, issued Wednesday, the bureau said it is considering several manual amendments and changes to experience and retrospective rating values, which will have a Jan. 1 effective date.
The bureau said any policy with an anniversary date of Jan. 1 or later that is issued before release of the new premium rates should include a pending rate change endorsement and, where applicab...
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