Current through Register Vol. XLI, No. 50, December 13, 2024
Section 85-8-10 - Rating Organizations10.1. Consistent with the provisions of W. Va. Code § 23-2C-18a(b), the Insurance Commissioner may designate a workers' compensation rating organization that has been licensed in accordance with W. Va. Code § 33-20-6 to assist the commissioner with carrying out his or her regulatory duties in regard to the workers' compensation insurance market.10.2. Every workers' compensation private carrier shall; (1) record and report to the designated rating organization its workers' compensation experience as set forth in the uniform statistical plan submitted by the designated rating organization and approved by the Insurance Commissioner; and (2) adhere to the uniform classification plan and uniform experience rating plan developed by the designated rating organization and approved by the commissioner.10.3. Upon the Insurance Commissioner's designation of a workers' compensation rating organization to be utilized by all insurers, the loss cost, rule, or form filings made by the designated rating organization shall be utilized by every member of the rating organization without modification and as of the effective date of the relevant rating organization filing unless the member specifically makes a request in writing to the Insurance Commissioner to deviate from the same and receives approval to do so, or unless the member makes an exception basis filing pursuant to W. Va. Code §§ 33-6-8 or 33-20-4.