Maine Superinten-dent of Insurance Alessandro A. Iuppa announced that hundreds of Maine employers may see reductions in their 2003, 2004 or 2005 workers’ compensation insurance premiums as a result of adjustments to the data used by rating organization, the National Council on Compensation Insurance.
The change in the data used for the 2003 through 2005 rate filings resulted from the discovery that payroll information used in calculating rates had been excluded for specific class codes, according to Iuppa. He said a review showed reduced rates for 29 employer classification codes. Iuppa has requested that all insurers to recalculate 2003, 2004 and 2005 premiums and make appropriate refunds or premium adjustments.
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