IL Company Bulletin 2016-08

All Illinois Licensed Workers’ Compensation Companies : Additional Information Request for 2017 NCCI Rate Filing Response

Year: 2016Length: 172 wordsOfficial source
[LOGO] # Illinois Department of Insurance BRUCE RAUNER Governor ANNE MELISSA DOWLING Acting Director TO: All Illinois Licensed Workers' Compensation Companies FROM: Anne Melissa Dowling, Acting Director of Insurance DATE: October 11, 2016 RE: COMPANY BULLETIN CB# 2016-08 AMD JSD Please be advised that beginning with the effective date of January 1, 2017, all companies must provide their overall workers' compensation book of business rate deviation from the National Council on Compensation Insurance (NCCI) recommended rates when filing their proposed rate change. The Department requests this information be provided within the SERFF filing as part of the general information tab. For example: | IF: | THEN: | | --- | --- | | Company matches/uses NCCI's rates: | Company indicates the difference from NCCI rates is 0.0%. | | Company uses NCCI's rate with modifications | Company provides overall percentage difference from NCCI rates. | | Company does not use NCCI rates | Company does not need to provide percentage. | Please direct questions regarding this bulletin to Erica Weyhenmeyer at erica.weyhenmeyer@illinois.gov.