Workers Compensation Plan data is the audited exposure, premium, and loss experience summarized by policy and state on a unit report for each Workers Compensation policy. The WCSP requires losses on the unit report to be valued as of the 18 months after policy effective date. Subsequent unit reports through a fifth report are required at 12 month intervals thereafter for any policies which contain open claims as of the previous submission. Schedule Z summarizes by class the combined experience for all affiliates in a state as reported on the Workers Compensation Statistical Plan. The report provides the class experience including exposures, premiums, indemnity losses and medical losses and claim counts by injury type.
Experience is furnished for the latest five policy periods available.
This product is available on hard copy, diskette, or magnetic tape. Beginning approximately second quarter 1996 Class Experience will be available through InsNet, NCCI's on-line network. The purpose of DCI is to provide insight into the underlying elements inherent in the aggregate costs of workers compensation insurance. Claims are selected based on a sampling methodology which concentrates on collecting information for major injuries. Claims are valued at six months after accident date with subsequent reports required at annual intervals up to ten reports for any claims that remain open.