NCCI to Simplify Workers' Compensation ERM-14's for Ownership Changes

Texas Division of Workers' Compensation is accepting comments on proposed changes to the Experience Rating Plan Manual

....a wonderful idea.  The current process for those that acquire a business requires the entity being acquired to work with the bureau to verify data that they are often not apt or motivated to do.  Hopefully this will help the process going forward -

From our friends at insurancejournal.com

The Texas Division of Workers' Compensation is accepting comments on proposed changes to the Experience Rating Plan Manual that are designed to make it easier for employers to file ownership information.The National Council on Compensation Insurance, the rating organization for Texas and 36 other states, has proposed revisions to the ERM-14 form and Rule 3-A in the rating manual. The changes are designed to simplify the form, DWC said in a bulletin.The NCCI surveyed carriers and producers in 2017 and received a number of comments about the need to revise the forms, which ask about changes in ownership, the council said in its filing. Because of the feedback, the NCCI has changed the form to reduce its length and to clarify wording so that it's easier to understand.The changes, the first since 2003, would take effect Feb. 1.Comments and requests for a public hearing can be sent via email to ChiefClerk@tdi.texas.gov. Comments will be accepted through Jan. 21.

Join the Conversation on Linkedin   |   About PEO Compass

The PEO Compass is a friendly convergence of professionals and friends in the PEO industry sharing insights, ideas and intelligence to make us all better.All writers specialize in Professional Employer Organization (PEO) business services such as Workers Compensation, Mergers & Acquisitions, Data Management, Employment Practices Liability (EPLI), Cyber Liability Insurance, Health Insurance, Occupational Accident Insurance, Business Insurance, Client Company, Casualty Insurance, Disability Insurance and more.To contact a PEO expert, please visit Libertate Insurance Services, LLC and RiskMD.