Legislation
- Title
- Workers' Compensation - Tiered Rating Plans and Merit Rating Plans
- Sponsored by
- Delegates Valderrama, Barkley, and W. Miller
- Status
- Approved by the Governor - Chapter 264
- Analysis
- Fiscal and Policy Note (Revised)
Synopsis
Authorizing a workers' compensation insurer to develop a tiered rating plan that establishes discrete tiers based on risk attributes that are not arbitrary, capricious, or unfairly discriminatory and are reasonably related to the insurer's business and economic purposes; requiring a workers' compensation insurer to submit a tiered rating plan to the Insurance Commissioner at least 30 days in advance of the plan's use; authorizing a workers' compensation insurer to use a specified merit rating plan under specified circumstances; etc.
Committees
- Original:
- Economic Matters Click to view Recorded Media
- Opposite:
- Finance Click to view Recorded Media
Details
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11-329 )
Last Updated: 2/3/2020 2:32 PM