On July 30, 2003, the WCIRB submitted its annual regulatory filing to the California insurance commissioner. In its filing, the WCIRB proposed the following:
* An average increase in advisory pure premium rates of 12.0% to be effective on January 1, 2004 for new and renewal policies with anniversary rating dates on or after January 1, 2004. Of the 12.0% average increase, 6.0% is attributable to updated loss and loss adjustment experience, 5.0% is due to the impact of Assembly Bill No. 749, 1.8% is the estimated provision for earthquake exposure, and -1.2% is due to the change in the experienc...
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