NCCI’s Elimination of Anniversary Rating Date –
What it Means for You

Marty Bask | Principal, Account Executive

Way back in July of 2015, the National Council on Compensation Insurance (NCCI) made a decision to eliminate employers’ Anniversary Rating Date (ARD) beginning May 1, 2017. Historically, the ARD was designed to control the effective period for an employer’s workers’ compensation rates and experience modification factor. It prevented employers from canceling their workers’ compensation policies when carriers’ rates dropped mid-year because the rate would not be in force until the employers’ ARD.

Without the ARD, employers are free to cancel their policy and start over again with the lower rates, but they may also pay a short rate penalty for leaving a policy before the expiration date.

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