WORKERS’ COMPENSATION (C) TASK FORCE
The following task forces and working groups report to the Workers’ Compensation (C) Task Force:
- NAIC/IAIABC Joint (C) Working Group
The mission of the Workers’ Compensation (C) Task Force is to study the nature and effectiveness of state approaches to workers’ compensation and related issues, including, but not limited to: assigned risk plans; safety in the workplace; treatment of investment income in rating; occupational disease; cost containment; and the relevance of adopted NAIC model laws, regulations and/or guidelines pertaining to workers’ compensation.
Ongoing Support of NAIC Programs, Products or Services
1. The Workers’ Compensation (C) Task Force will:
- Discuss issues arising with respect to advisory organizations and insurance companies in the workers’ compensation arena.—Essential
- Monitor the movement of business from the standard markets to the assigned risk pools. Alert state insurance department representatives if growth of the assigned risk pools changes dramatically.
- Monitor the renewal of the federal Terrorism Risk Insurance Act and its impact on workers’ compensation markets.—Important
2. The NAIC/IAIABC Joint (C) Working Group will:
- Study issues of mutual concern to insurance regulators and the International Association of Industrial Accident Boards and Commissions (IAIABC). Review relevant IAIABC model laws and white papers and consider possible charges in light of the Working Group’s recommendations. The Working Group is to report the results of its ongoing charge at each national meeting.—Important