Term Of The Day – Interstate Rating
An Interstate rating cover a an experience modification factor across more than one state. These ratings are calculated by the NCCI for employers whose previous workers compensation policies have included payroll for more than one state.
While most states recognize the interstate rating system, a few states do not participate. In these stand alone states, employers have a separate modifier for the payroll in generated in their state calculated by their own state rating bureau.
©J&L Risk Management Inc Copyright Notice