Workers' Compensation Scheduled Rating Tables

Department of Business Regulation 1511 Pontiac Avenue Cranston, RI 02920 Insurance Bulletin Number 2007-5 Workers’ Compensation Scheduled Rating Tables The Department of Business Regulation issues this Bulletin to remind Insurers that all scheduled debits and credits applied to any insured’s account must be based on evidence that is contained in the underwriting file of the insurer in accordance with the insurer’s scheduled rating table filed and approved by the Department pursuant to R.I.Gen Laws §27-7.1-1 et. seq. The effective date of any scheduled debit or credit shall not be any date prior to the receipt in the insurer’s office of the evidence supporting the debit or credit. The Department will investigate all consumer complaints to ascertain compliance with this Bulletin. In addition, market conduct examinations by the Department will ascertain compliance with applicable laws, regulations and this Bulletin. Insurers that fail to properly document the application of scheduled rating and/or follow its filed and approved scheduled rating plan in Rhode Island will be subject to administrative penalties in accordance with applicable Rhode Island Law and Regulations. Please refer to the National Council on Compensation Insurance (“NCCI”) for additional information on scheduled rating and reporting requirements to the NCCI. Joseph Torti, III Associate Director and Superintendent of Insurance August 31, 2007