Workers Compensation Advisory Loss Costs and Rating Values, NCCI Filing Effective January 1, 2018, Filing Reference Number: NH-2017-01

Roger A. Sevigny Commissioner Date: October 4, 2017 THE STATE OF NEW HAMPSHIRE INSURANCE DEPARTMENT 21 SOUTH FRUIT STREET SUITE 14 CONCORD, NEW HAMPSHIRE 03301 BULLETIN Docket No: INS 17-032-AB To: All Workers Compensation Insurers From: Roger A. Sevigny- Insurance Commissioner Re: Workers Compensation Advisory Loss Costs and Rating Values NCCI Filing Effective January 1, 2018 Filing Reference Number: NH-2017-01 Alexander K. Feldvebel Deputy Commissioner The State of New Hampshire Insurance Department has approved the National Council on Compensation Insurance's Advisory Loss Cost and Rating Values filing to be effective January 1, 2018. The approved voluntary loss cost change is a decrease of 13.3% on average. The average approved change for Assigned Risk rates is a decrease of 10.3%. The residual market loss cost multiplier for 2018 will be 1.551. NH RSA 412:30 requires that any insured receiving a premium quote higher than the premium that would be derived from the Assigned Risk Rating Plan should be notified, in writing, that coverage could be obtained at a lower premium in the Assigned Risk plan. Insurers using a loss cost multiplier higher than 1.551 should take note. Insurers should continue to refer to a previous Bulletin (Docket No. INS No. 11-018-AB, issued September 22, 2011) for additional information on incorporating the cost of the NH WC Administration Fund Assessment into their rates for voluntary coverage. Per RSA 412:28, all insurers must file Workers Compensation rates by filing a multiplier, and, if applicable, other modifications to the prospective loss costs and rating plan filed by the NCCI effective January 1, 2018. No filings are necessary unless the insurer wants to change the loss cost multiplier currently on file or make other modifications for 2018. Approval of any such filing will be contingent upon the submission of appropriate justification along with a completed Form RFF-1, Prospective Loss Costs Reference Filing Adoption Form. Please refer to the revised version of RFF-1 on SERFF. Any filings received during January 2018 may be retroactively applied to reflect an effective date of January 1, 2018. Questions on this bulletin may be addressed to Ruju Dave at (603) 271-2261 or ruju.dave@ins.nh.gov. TELEPHONE 603-271-2261 • FAX 603-271-1406 • TDD ACCESS RELAY NH 1-800-735-2964 WEBSITE: www.nh.gov/insurance