WORKERS COMPENSATION

Operations

Per NCGS 58-36, The North Carolina Rate Bureau is tasked with certain responsibilities for workers compensation insurance.  The North Carolina Rate Bureau provides, but is not limited to, the following functions: 

  • Prepares annual loss cost filings for voluntary business and rate filings for the residual (Assigned Risk) market business
  • Serves as the plan administrator for the North Carolina Workers Compensation Insurance Plan (Assigned Risk)
  • Collects and maintains quality control of experience data for use in calculation of experience modifications
  • Inspects and assigns classification of employers' operations in North Carolina
  • Collects and maintains policy data for all insured employers in North Carolina
  • Reviews rates, rules, policy forms, classifications and rating plans in an ever-changing environment

 

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