March 12, 2015 - UW Committee Update

Posted Date: March 12, 2015
    

Industry InformationNCCI's Underwriting Committee

The Underwriting Committee met on Thursday, March 12, 2015. The major topics covered at this meeting included:

  • UC-2015-05-01: Work Plan Updates and UC-2015-05-2: Introduction of Research Topics
    NCCI staff provided Work Plan updates about:
    • Elimination of Anniversary Rating Date
    • Basic Manual—Rule 1—Classification Assignment
    • Basic Manual—Rule 2—Premium Basis and Payroll Allocation
    • Classifications Applicable to Trucking
    • Clarification of Workers Compensation Premium Algorithms
    • Treatment of Premium for Uncooperative Audit Policyholders
    • Review of the Waiver of Our Right to Recover From Others Endorsement and Corresponding Basic Manual Rules
    • Review of Stacking of Limits of Liability
    Staff also introduced new research topics:
    • Transportation Network Companies (Ridesharing Services)
    • Wholesale/Retail/Internet
    • Computer System Designers or Programmers—Exclusively Office
    • Grain Inspection and Weighing
    • Oil or Gas Well—Executive Supervisor
    • Uniform Electronic Transactions Act (UETA)
    • Experience Rating Ownership Rules
  • UC-2015-07: Informational Updates
    NCCI staff from various departments provided updates about a variety of topics, including:
    • Professional Employer Organization (PEO)/Staffing Agency discussion working group
    • Terrorism Risk Insurance Program Reauthorization Act of 2015
    • Loss costs/rate filings status
    • Status of Residual Market
    • NCCI’s 2014 Classification Inspection Program
    • Low Credibility Classifications review
    • Annual retrospective rating parameter item filings

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

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March 12, 2015 Agenda (PDF)

March 12, 2015 Minutes (PDF)