NOTIFICATION OF PROPOSED CHANGES TO EMPLOYEE COMPENSATION INSURANCE RATES CASE NO. INS-2021-00081 The National Council on Compensation Insurance, Inc. (“NCCI”), on behalf of its member insurers, has filed with the State Corporation Commission (“SCC”) for approval to change the voluntary market advice loss costs and has assigned risk market rates and ratings for new and new Extended workers’ compensation insurance that comes into force on and after April 1, 2022. NCCI suggests consulting loss costs that its members, along with their own expenses and profit and success factors, can use in setting tariffs for policies written in the voluntary market. The proposal would change the overall average pure premium level for the voluntary market as follows: Industrial ratings: _ 16.4% less “F” ratings: __ 14.7% less coal classification 1005: _ _ 2.0% less coal classification 1016: _ 2.0% reduction NCCI proposes the following changes to the average total rate for the associated risk market: Industrial Classification: _ _ Classification by 15.1% “F” Classification (Federal): _ Classification by 13.4% Coal Classification 1005: __ Classification by 4.0% Coal Classification 1016: __ Down by 3.0% The information submitted by NCCI in support of its proposals, including the precise risk rates assigned and consulting loss costs for individual classifications, which vary by classification and are higher or lower than the above Total changes can be viewed at http://www.scc.virginia.gov/case under the case no. INS-2021-00081. Those interested are encouraged to review the NCCI submission and supporting documents for details on these and other proposals. NOTE that the SCC may approve consulting loss costs and assigned risk rates and ratings other than those proposed by NCCI. The SCC has initiated an investigation into the NCCI’s proposed changes and a public hearing on it on Case # INS-2021-00081 in its Courtroom, Second Floor, Tyler Building, 1300 East Main Street, Richmond, Virginia 23219, 10. scheduled for October 20, 2021. Any interested person who wishes to make a statement in their own name at the hearing should appear in the SCC courtroom on October 20, 2021 at 9:45 am and contact the SCC’s bailiff. However, individuals wishing to attend the hearing should also monitor the SCC’s website to see if the current conditions of the COVID-19 pandemic require the hearing to be webcast rather than live. On or before August 31, 2021, any natural or legal person who expects to participate in these proceedings as a defendant must submit a declaration of participation in accordance with the procedural and procedural rules of the SCC, 5 VAC 5-20-10 ff. , and the order Docketing Case and Order for Notice in this case, which can be viewed at http://www.scc.virginia.gov/case or at The Clerk of the Commission, State Corporation Commission, c / o. Document Control Center, PO Box 2118, Richmond, Virginia 23218. Any notice of attendance must be filed with the SCC Secretariat and a copy must be sent to NCCI Attorney Charles H. Tenser, Esquire, 2120 Galloway Terrace, Midlothian, to be served. Virginia 23113. In accordance with the SCC’s Order Docketing Case and Order for Notice, each defendant must also file with the SCC secretary on or before September 10, 2021 the testimony and evidence that the defendant intends to use to substantiate his case. All interested persons who would like to comment on the application must submit them to the SCC office at the above address by October 12, 2021 or can submit an opinion electronically according to the instructions at http: //www.scc. Virginia.gov/Fall. All comments refer to Case # INS-2021-00081. (1245958)
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