Question
Which of the following workers' compensation claims would not be used by the NCCI (or respective state rating bureau) when calculating a company's current EMR?
Which of the following workers' compensation claims would not be used by the NCCI (or respective state rating bureau) when calculating a company's current EMR?
A. | Claim that occurred three years ago and in the policy year from three years ago. | |
B. | Claim that occurred one month earlier, and within the current policy year. | |
C. | Claim that occurred two years ago and in the policy year from two years ago. | |
D. | Claim that occurred one year ago, and in the immediately previous policy year. |
Suppose a workers' comp claim has $387,500 in incurred loss. Further suppose the state in which the employer is located has a loss limitation of $150,000. How much of this claim's incurred loss is non-ratable, an thus will not be used in calculating the company's EMR?
A. | $150,000 | |
B. | $237,500 | |
C. | $116,250 | |
D. | $271,250 |
Suppose a claim has a total incurred loss of $47,500. The state loss limitation is $150,000. How much of this particular claim's incurred loss is ratable? (Meaning, it is subject to experience modification rating.)
A. | $102,500 | |
B. | $16,500 | |
C. | $47,500 | |
D. | $150,000 |
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