February 20, 2013 - UW Committee Update

Posted Date: February 20, 2013

Industry InformationNCCI's Underwriting Committee

The Underwriting Committee met on Wednesday, February 20, 2013. The major topics covered at this meeting included:

  • Summary of National Item Filings (in Progress) (UC-2013-03)
    NCCI staff answered the questions previously posed by the Committee on three topics presented at the October 17, 2012 meeting. These items were developed prior to the establishment of the Committee and will be filed with the regulatory authorities in 2013:
    • Updates to sheet metal and scrap metal classifications
    • Revisions to Part Two—Exclusion C.10. of the Workers Compensation and Employers Liability Insurance Policy and Part Two Exclusion added by the Maritime Coverage Endorsement (Exclusion 14)
    • Updated references to the Federal Coal Mine Safety & Health Act in NCCI manuals, the Workers Compensation and Employers Liability Insurance Policy, and applicable endorsements
  • 2013 Work Plan (UC-2013-04)
    Staff presented 7 of the 10 items being considered under the 2013 Work Plan:
    • Experience Rating Plan Manual—Rule 3—Ownership Changes and Combination of Entities
    • Anniversary Rating Date (ARD)
    • Per Passenger Seat Surcharge
    • Basic Manual—Rule 2—Premium Basis and Payroll Allocation
    • Classifications Applicable to Optical Stores
    • Classifications Applicable to Machine Shops
    • Classifications Applicable to Trucking
  • Other NCCI Committee Updates (UC-2013-05)
    Staff provided updates on the:
    • Initial split point results for 26 states that have approved Item E-1402
    • Small Credibility Classification Codes Review
    • Data Collection Procedures Subcommittee
  • Informational Updates (UC-2013-06)
    Staff presented updates on:
    • The status of loss cost/assigned risk rate filings
    • The Terrorism Risk Insurance Program Reauthorization Act of 2007 (TRIPRA)
    • NCCI's Classification Inspection Program Results
    • Potential plans to introduce NCCI's manuals for use in Texas over the next several years

Please refer to the minutes of the meeting for any pertinent discussion on each topic. The presentation for each of the listed topics is contained in either the agenda or the minutes for the meeting.

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February 20, 2013 Agenda (PDF)

February 20, 2013 Minutes (PDF)