TDI Adopts NCCI Revisions to Methodology for Experience Rating Plan

The Texas Department of Insurance has adopted NCCI Item E-1409 — "Enhancement to NCCI's Experience Rating Plan Methodology" — revising components used to calculate experience rating modifications. The National Council on Compensation Insurance’s Experience Rating Plan consists of formulas and a methodology to calculate a risk's experience rating modification. It uses components that are updated annually to reflect newer premium and loss experience. The filing revises the calculation of some components used in the methodology in the plan, but the formul...