A public hearing on the proposed loss costs and rating values for the workers compensation voluntary market and the assigned risk rates and rating values as filed and requested by the National Council on Compensation Insurance will be held at 1:30 p.m. on January 14, 2003, at the Alabama Insurance Department, Conference Room, 17th Floor, RSA Tower, 201 Monroe Street, Montgomery, Alabama. This filing proposes an overall average decrease of 7.4% in voluntary loss costs and an overall average change of 0% in assigned risk rates and rating values, applicable to new and renewal business only.
Any persons so desiring may submit a written statement in favor or against the proposed change in rates and may, in addition, make an oral statement at the hearing.