The Texas Department of Insurance has issued an order to repeal the rules, factors, values, endorsements, and forms in the Texas Retrospective Rating Plan Manual (Texas Retro Plan) for new and renewal workers’ compensation policies written on a retrospectively rated basis with effective dates on and after 12:01 a.m., Jan. 1, 2017.
Insurers writing policies on a retrospectively rated basis with effective dates before Jan. 1, 2017, under the Texas Retro Plan must use the Texas Retro Plan to make all retrospective adjustments for those policies.
The National Council on Compensation Insurance Retrospective Rating Plan Manual (NCCI Retro Plan) has been available for use in Texas as an alternative to the Texas Retro Plan since June 1, 2011.
With the repeal of the Texas Retro Plan, insurers continue to have the options of making a reference filing with TDI to use the NCCI Retro Plan, or filing their own retrospective rating plans for use in Texas.
Source: Texas Department of Insurance
Topics Texas Workers' Compensation
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