National Council on Compensation Insurance
February 13th, 2009by Drew Roberts, CPCU, ARM
I often mention the National Council on Compensation Insurance (NCCI) in my articles about workers compensation. I figured I should write an article describing this organization, so here is some information about them:
The National Council on Compensation Insurance Inc. is based in Boca Raton, Florida, and manages the nation’s largest database of workers compensation insurance information. Their website is available at http://www.NCCI.com.
Operating on a not-for-profit basis since 1922, NCCI studies workplace injuries and other national and state factors impacting workers compensation to provide analysis of industry trends, prepare workers compensation insurance rate and loss costs recommendations, determine the cost of proposed legislation, and provide a variety of data products to over 900 insurance companies and nearly 40 state governments.
NCCI’s core services include:
- • Rate and advisory loss cost filings
- • Cost analyses of proposed and enacted legislation
- • Residual market management
- • Production of experience ratings
- • Statistical and compliance services
- • Maintenance of the workers compensation infrastructure of classifications,
rules, plans, and forms
In addition to providing these services to the state of Florida, the map below is a convenient reference of states whose insurance departments have designated NCCI as the licensed rating and statistical organization.
States Serviced by NCCI
February 23rd, 2009 at 12:37 pm
[...] « Florida Association of Insurance Agents National Council on Compensation Insurance [...]
February 23rd, 2009 at 12:39 pm
[...] before the Thanksgiving holiday, the National Council on Compensation Insurance (NCCI) sent a proposal to Florida’s Office of Insurance Regulation regarding a change in the new rates. [...]
February 23rd, 2009 at 12:40 pm
[...] the new workers’ compensation rates for Florida that will be effective January 1st, 2009. The National Council on Compensation Insurance (NCCI) submits proposals to the state whenever rate changes are needed. The state of Florida reviews these [...]
February 23rd, 2009 at 12:42 pm
[...] Compensation in the Department of Financial Services. This governmental agency consults with the National Council on Compensation Insurance (NCCI) to revise the rates and classifications each year. Currently, the rates for workers’ compensation [...]
May 12th, 2009 at 12:47 pm
[...] to this code on the Florida workers compensation policy. The definition of the class code from NCCI states that 9102 is used primarily for employees involved in the following operations: Insureds [...]
May 13th, 2009 at 1:33 pm
[...] to this code on the Florida workers compensation policy. The definition of the class code from NCCI states that 0106 is used primarily for employees involved in the following operations: Code 0106 [...]
May 15th, 2009 at 2:18 pm
[...] employees that engage in landscape installation operations. The definition of the class code from NCCI states that 0042 is used primarily for employees involved in the following operations: Code 0042 [...]
May 15th, 2009 at 2:40 pm
[...] using a separate workers compensation classification code. The definition of the class code from NCCI states that 5183 is used primarily for employees involved in the following operations: Code 5183 [...]
May 18th, 2009 at 1:31 pm
[...] code under their Florida workers’ compensation policy. The definition of the class code from NCCI states that 0005 is used primarily for employees involved in the following operations: Code 0005 [...]
August 12th, 2009 at 10:22 am
[...]The rates in Florida are proposed by NCCI and approved by the state government. The rating system used to compute annual workers’ premium includes a factor that uses past losses and premiums paid.[...]
August 20th, 2009 at 10:18 am
[...] the rules about remuneration are written by the National Council on Compensation Insurance (NCCI). But keep in mind that some states are non-NCCI jurisdictions, and there may be some significant [...]
January 4th, 2010 at 3:53 pm
[...] that he has received a new rate filing from the National Council on Compensation Insurance (NCCI) for workers’ compensation insurance rates. The filing [...]
March 12th, 2010 at 1:16 pm
[...] Workers’ compensation insurance in Florida and roughly 40 other states, use a classification code system designed by the National Council on Compensation Insurance (NCCI) to rate insurance premiums differently for groups of employees. There are roughly 600 class codes [...]