A public hearing on
proposed revisions of voluntary loss costs and rating values and assigned risk
rates and rating values for workers compensation insurance as filed and
requested by the National Council on Compensation Insurance, Inc. [“NCCI”],
with a proposed effective date of March 1, 2020, will commence at 10:00 a.m. Central Time on Wednesday, November 20, 2019, before
the Commissioner of Insurance or his designee in the offices of the Alabama
Department of Insurance, RSA Tower Suite 502, 201 Monroe Street, Montgomery,
Alabama.
The filing proposes an
overall average decrease of 3.4% to the current voluntary loss cost level and
an overall average decrease of 11.5% to the current assigned risk rate level.
Any persons so desiring
may submit a written statement in favor of or against the proposed rating
levels and, in addition, may appear and/or make a sworn oral statement at the
hearing. Written statements may be directed to the Department’s counsel
identified below. Written statements
must be received before Wednesday, November 6, 2019.
Failure of a
representative of NCCI to be present at the hearing may result in denial of the
requested relief.
NCCI is advised that
the hearing will be transcribed by a court reporter and that the NCCI is
responsible for reimbursing the Department of Insurance for the reporter’s
appearance fee and cost of preparing the transcript, including reproduction of
exhibits.