RICHMOND — The State Corporation Commission (SCC) has
scheduled an October hearing to consider a request filed by the National Council
on Compensation Insurance, Inc. (NCCI) to adjust the premium levels charged for
workers’ compensation insurance.
Workers’ compensation insurance provides medical care and wage replacement benefits
to injured workers. Almost all Virginia employers are required to carry the coverage.
NCCI has proposed an increase in the overall premium level for the industrial, federal,
and surface and underground coal mine classifications in the voluntary market. It
has proposed an increase in the overall premium level for the industrial and surface
and underground coal mine classifications in the assigned risk plan and no change
for the federal classifications in the assigned risk plan.
The proposed changes, which would become effective on April 1, 2012, for new and
renewal workers’ compensation policies, are as follows:
Schedule showing proposed workers' compensation premium increases
Voluntary Market Loss Costs
Assigned Risk Rates
Coal Mines (Surface)
Coal Mines (Underground)
NCCI, a Florida-based ratemaking organization, represents insurance companies licensed
to write workers’ compensation insurance in Virginia.
The SCC hearing on the proposed changes is scheduled for 10 a.m. on Thursday, October
27, 2011, in the Commission’s second floor courtroom located in the Tyler Building,
1300 East Main Street, in downtown Richmond. Anyone wishing to speak at the hearing
as a public witness should arrive by 9:45 a.m. and sign in with the Commission bailiff.
Written comments on the proposed changes must be submitted by October 14, 2011.
All correspondence should be sent to the Clerk of the State Corporation Commission,
Document Control Center, P.O. Box 2118, Richmond, Virginia 23218-2118, and refer
to case number INS-2011-00163.
Interested persons desiring to submit comments electronically may do so at the SCC’s
website at www.scc.virginia.gov/case. Click on the
PUBLIC COMMENTS/NOTICES link and then the SUBMIT COMMENTS button for case number
Case number INS-2011-00163