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Schedule Z Data

Summary description of Schedule Z data.

For a good description of Schedule Z data, refer to The Massachusetts Workers' Compensation Rating and Inspection Bureau Circular Letter No. 1941, dated January 19, 2004, and titled "Availability of Latest Schedule Z Summary Data". To access this Circular Letter please use the following link:

Here's information from that circular:

SCHEDULE Z SUMMARY DESCRIPTION
The Schedule Z Summary is a compilation of reported unit statistical data organized by class code and composite policy year. Data elements displayed include payroll, earned premium, incurred losses, and incurred claim counts. Both manual and standard earned premium amounts are displayed. Incurred losses and claim counts are broken down by benefit (indemnity and medical), and further by injury kind (fatal, permanent total, major partial, temporary total, and medical only). Claim counts and incurred losses are paid amounts plus case reserves. Experience from Self-Insurance Groups is excluded from all available summaries. Summaries are available which either include or exclude large deductible experience.

For each class code or industry group, the report displays data by composite policy year at the latest five evaluations. A composite policy year extends for twelve months beginning on July 1 and ending on June 30. Each policy written during the experience period is valued at intervals beginning eighteen months after policy inception. Since each composite policy year on this report is evaluated at latest report, the older the composite year, the longer the length of valuation. Thus, the valuation points are 18 months (first report), 30 months (second report), 42 months (third report), 54 months (fourth report), and 66 months (fifth report).

INJURY KIND DESCRIPTIONS
1) Fatal
A death claim with benefits including compensation paid to the deceased prior to death, burial expenses, and compensation to
surviving dependents.

2) Permanent Total Disability
Any claim which has been adjudged to constitute total and permanent incapability to work as defined under the law, or which in the judgment of the carrier will result in such.


3) Major Partial Disability
Any permanent injury which does not involve permanent total disability, or any temporary injury where the duration of disability benefits
exceeds or is expected to exceed one full year. A temporary injury where a lump sum settlement is made or, in the judgment of the
carrier, will be required to settle future benefits. Any temporary injurywhere the extent of liability for future payments cannot be determined.

Partial disabilities are separated into major and minor components. A claim is denoted as a major permanent partial disability if the incurred
loss is more than $20,000. This value was $15,000 in review year 1998 and $10,000 in prior review years.

4) Minor Partial Disability
Any permanent injury which does not involve permanent total disability, or any temporary injury where the duration of disability benefits
exceeds or is expected to exceed one full year. A temporary injury, where a lump sum settlement is made or, in the judgment of the
carrier, will be required to settle future benefits. Any temporary injury where the extent of liability for future payments cannot be determined.

Partial disabilities are separated into major and minor components. A claim is denoted as a minor permanent partial disability if the incurred
loss is $20,000 or less. This value was $15,000 in review year 1998 and $10,000 in prior review years.

5) Temporary Total Disability
Any case, which involves or is expected to involve indemnity benefits but which does not constitute a case of death, permanent total or
permanent partial as defined above.

6) Medical Only
Any case which involves no indemnity payments. Medical losses on compensable claims includes all payments to doctors and hospitals as
well as physical rehabilitation costs.


Note: Injury kind definitions are found in the Massachusetts Workers’ Compensation Unit Statistical Plan.

The material in this document has been prepared and shared for informational purposes only and should not be relied upon as legal advice on any particular situation.