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NJ WC Insurance Plan Expirations Oct 2009

07 Jul, 2009 WorkersCompensation.com

                               
Trenton, NJ (CompNewsNetwork) - The data provides sufficient information to identify the employer, nature of the business and current estimated annual premium. Such premium includes the expense constant, the effects of premium discount and the Plan Premium Adjustment Program. The Second Injury and Uninsured Employers Funds surcharges are excluded.

Experience rating data will be furnished upon written request in accordance with "Special Service Charges", 1:7 of the Manual.

The distribution of the October 2009 expirations by premium size is:
Size Number of Policies Premium
Less than - $499 520 $163,122
$500 - $999 799 $623,867
$1,000 - $4,999 1,277 $3,266,769
$5,000 & OVER 627 $13,847,890
TOTAL 3,223 $17,901,648
  
The activity during June 2009 included 857 new Plan policies and 1,451 withdrawals. As of June 30, 2009 there were 37,642 Plan Risks with an estimated premium of $195,185,399. The number of Plan risks decreased 503 from the total number of Plan risks as of May 31, 2009. This represents a decrease of 1.32%

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