February 25, 2008
Question: Who calculates the workers compensation experience modification factor?
The National Council on Compensation Insurance (NCCI) is a not-for-profit rating, statistical and data management services organization. They are funded by a variety of workers’ compensation insurance organizations and companies to act as a central source of workers’ compensation data. Part of their responsibility is the calculation of experience modification data. They receive claim and audit information on your business from your insurance company and calculate your experience mod. Please select this link for more information on Florida Workers’ Compensation Experience Mods.
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