On Sept. 12, 2003, the California Legislature passed Assembly Bill 227 (AB 227) and Senate Bill 228 (SB 228). It has been reported that these bills, which are intended to reduce workers’ compensation costs, will be signed by the Governor.
The Workers’ Compensation Insurance Rating Bureau (WCIRB) is preparing a formal evaluation of the cost impact of this legislation. This formal evaluation will be submitted to the Insurance Commissioner at the continuation of the Jan. 1, 2004 pure premium rate hearing that is scheduled for Sept. 29, 2003. In the interim, the WCIRB has prepared a preliminary cost assessment of the legislation.
Was this article valuable?
Here are more articles you may enjoy.
Agency Customer Rep and Miami Businessman Killed in Separate Boat Accidents 
Dei Primus Holdings Launches LUCY, a Fully Autonomous Insurance Carrier 
Giuliani Fails to Get $10 Million Sexual Harassment Suit in New York Dismissed 
Axios Software Tool Used by Millions Compromised in Hack 
