August 13, 2013 - UW Committee Update

Posted Date: August 13, 2013
    

Industry InformationNCCI's Underwriting Committee

The Underwriting Committee met on Tuesday, August 13, 2013. The major topics covered at this meeting included:

  • 2013 Work Plan (UC-2013-04)
    The agenda included consideration of 8 of the 16 items from the 2013 Work Plan:
    • Anniversary Rating Date (ARD)
    • Basic Manual—Rule 2—Premium Basis and Payroll Allocation
    • Classifications Applicable to Optical Stores
    • Classifications Applicable to Trucking
    • Basic Manual—Rule 1—Classification Assignment
    • Treatment of Volunteers
    • "If Any" Policies for Contracting Risks
    • Treatment of Premium for Uncooperative Audit Policyholders
  • Other NCCI Committee Updates (UC-2013-05)
    Staff provided an update on:
    • The upcoming revision to the retrospective rating tax multiplier formula
    • A new policy data reporting tool
    • An update to NCCI's Data Manager Dashboard in 2014
    • The forthcoming Statistical Plan filing to revise the pension tables
  • Informational Updates (UC-2013-06)
    NCCI staff provided an update regarding:
    • NCCI's plans to introduce NCCI's manuals over the next several years in Texas
    • Possible extension of the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA)
    • The upcoming 2013–2014 filing season
    • Upcoming rules, forms, and classifications item filings
    • Possible Defense Base Act changes
  • New Business (UC-2013-07)
    Committee and staff discussed possible diving classification changes, Missouri Senate Bill 1, and the development of the 2014 Work Plan.

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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August 13, 2013 Agenda (PDF)

August 13, 2013 Minutes (PDF)