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OIR RECEIVES ANNUAL WORKERS ’ COMPENSATION RATE FILING
TALLAHASSEE , Fla . – The Office of Insurance Regulation ( OIR ) has received the 2021 Florida workers ’ compensation rate filing by the National Council on Compensation Insurance ( NCCI ), which proposes a statewide average premium decrease of -5.7 %. The new rates would become effective January 1 , 2021 .
As always , OIR will review the filing to ensure the proposed changes are not excessive , inadequate or unfairly discriminatory and evaluate its potential effects on the insurance marketplace and employers , who are required by law to carry this insurance on their employees .
NCCI is a licensed rating organization authorized to make rate filings on behalf of workers ’ compensation insurance companies in Florida . For more information about the filing , read the NCCI 2021 Filing Summary .
40 DITCHMEN • SEPTEMBER 2020