On November 10, 2003, the insurance commissioner issued a decision with respect to the WCIRB's January 1, 2004 Regulatory Filing. In the decision, the WCIRB was directed to develop an advisory rating plan that an insurer could use to adjust the premium charge for an employer who no longer qualifies for experience rating due to the lack of data from an insolvent insurer.
With input from insurers, the California Department of Insurance (CDI) Administrative Hearing Bureau, and the representative of the public members of the WCIRB governing committee, the WCIRB has developed the advisory Insolven...
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