North Carolina Rate Bureau Adopts Changes To NCCI's Basic Manual For WC

Raleigh, NC (CompNewsNetwork) - The North Carolina Rate Bureau has adopted and the North Carolina Commissioner of Insurance has approved the adoption of changes to NCCI's Basic Manual for Workers Compensation and Employers Liability Insurance. These changes have been approved with an effective date of April 1, 2012.
It is mandatory that this filing be adopted by all carriers, including carriers that do not elect to adopt the Loss Cost filing effective April 1, 2012.
The approved changes: (1) revise the average weekly wage used in the payroll determination formula for Codes 7370, 9178 and 9179; (2) create a State Payroll Determination Formula Table 2 in the NCCI's Basic Manual Appendix F; (3) eliminate the weekly maximum payroll limitation for Code 9186.

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