Bullet items to inform new members about Indiana workers compensation.;
The Indiana Compensation Rating Bureau (ICRB) is a private non-profit, unincorporated association of all insurance companies licensed to write workers compensation insurance in Indiana. The ICRB is a statutory rating organization as set forth in Chapter 27-7-2 of the Indiana Insurance Laws.
The law empowers the ICRB to gather information from its member companies that may be necessary to establish fair and adequate advisory rates. This information is submitted to the Indiana Department of Insurance for review and then distributed to all member companies who use the rates or file their own rates.
In addition to the data collection and ratemaking functions, the ICRB is responsible for various workers compensation programs: rules promulgation, experience rating, inspection and classification, assigned risk administration, industry education, and dispute resolution.
Nice to Know Bits
ICRB is a non-profit, unincorporated association of insurance companies, created by statute
Membership in ICRB is mandatory for all licensed carriers (IC 27-7-2-3)
Your license with the Indiana DOI automatically makes you an ICRB member. No separate registration with us is required
ICRB has already filed manuals, rules, policy forms, and advisory rates with the Indiana DOI ready for use by all members
ICRB only requires copies of carrier rate filings. We do not need copies of forms.
ICRB uses NCCI manuals, rules, and policy forms (see note below)
ICRB currently contracts with the NCCI to collect and validate all data
ICRB currently contracts with the NCCI to produce the annual advisory rate filings
Indiana is a competitive rating state, therefore, the ICRB files advisory rates and loss cost rates
Carriers may choose to use the advisory rates, or file their own rates and values with the Indiana Dept of Insurance
Indiana has its own schedule rating table; carriers cannot use their own
WC Board of Indiana subscribes to the NCCI Proof of Coverage System, therefore, carriers do not need to send coverage notices to the Board
Indiana adopted a workers compensation medical fee schedule effective July 1, 2014. It is set at 200% of Medicare fees and only applies to hospital services at this time. For other services, a billing review service must adhere to IC § 22-3-3-5.2.
ICRB bills a member based on its pro-rated portion of premium writings in the state.
Effective 1/1/2005, Indiana operates the Indiana Assigned Risk Reinsurance Pool (Indiana Pool) as the market of last resort for employers who cannot find coverage in the regular market. Prior to 2005, Indiana participated in the National Workers Compensation Reinsurance Pool (NWCRP).
ICRB staff process all Indiana rate filings, assigned risk apps, experience ratings, inspections, etc. Call us, not NCCI
www.icrb.net Indiana Compensation Rating Bureau
Especially check out our document reference library on our website. Click on the "CompClues" colorful logo in the middle of the page. You will see an alphabetical list of over 200 documents for your reading enjoyment!
www.in.gov/workcomp Workers Compensation Board of Indiana
www.state.in.us/idoi Indiana Department of Insurance
www.dol.gov US Department of Labor
workerscompensation.com Quick Facts on Indiana and other state WC laws
ICRB and NCCI Relationship
In order to minimize costs and maximize efficiency, the ICRB has formed a relationship with the National Council on Compensation Insurance, Inc. ("NCCI"). As stated on its website, "NCCI was established over 75 years ago to support a fair and healthy workers compensation industry through the delivery of three core services: Ratemaking and Regulatory services, Experience ratings and other risk services, and Residual Market management."
The ICRB has contracted with NCCI for these services relating to the ICRB's responsibilities. NCCI is paid a fee for its services by the ICRB. ICRB members are guaranteed best pricing on NCCI products and may purchase such products and services at NCCI affiliate pricing, regardless of the member's affiliate status with NCCI. The ICRB's contractual agreement with NCCI has been reviewed and approved by IDOI.
ICRB Annual Report
Employee? or Independent Contractor? booklet
Tax and Assessment Directory - Indiana summary
Indiana CompClues database - key documents:
Competitive Rating in Indiana
Interested Persons List
Pricing Components of WC Policy
Proof of Coverage
Residual Market Summary
Second Injury Fund
Take-Out Credit Program
Note on Policy Forms:
The ICRB (Indiana) uses the standard forms as provided in the NCCI Forms Manual of Workers Compensation and Employers Liability Insurance. This manual contains all state special endorsements. The manual's table of contents provides an alphabetical listing of endorsements and state endorsements. Indiana has three state endorsements:
Indiana Benefits Deductible Endorsement (WC 13 06 04)
Indiana Coinsurance and Deductible Endorsement (WC 13 06 02)
Indiana Coinsurance Endorsement (WC 13 06 03)
For Indiana, carriers do not need to make workers compensation rule filings since the Bureau files all rules on behalf of all members. In essence, the Bureau files "fixed" rules which are not considered advisory, so there’s no opportunity to file a "deviated" rule like you could do with rate filing.
Refer to Circular 2008-09, Copies of Filings for more information.
Also refer to NCCI's website page for the Indiana State Reference Guide for more information on data collection and core services.
Note on Data Collection:
The ICRB collects data from its members to carry out its ratemaking and experience rating functions as well as for research for workplace safety. The ICRB contracts with the NCCI to collect and validate Indiana data. The data can be summarized into these categories: