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 pertaining to workers' compensation.
Ongoing Support of NAIC Programs, Products or Services:
Discuss issues arising with respect to advisory organization and insurer filings for workers' compensation. —Essential
Appoint a NAIC/IAIABC Joint (C) Working Group to study issues of mutual concern to insurance regulators and workers' compensation administrators. Review relevant model laws and papers and consider possible charges in light of the joint working group recommendations. Expose the “Model Rule to Amend Workers’ Compensation Laws “also known as the “Opioid Model Rule” developed by the IAIABC medical committee for comments and discussion. The Working Group is to report the results of their ongoing charge at each national meeting.—Important
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.—Important