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BOD Decision -2008/03/19-03 – Experience Rating System Enhancement – Excess Cost Surcharge

At its meeting on March 19, 2008, the Board of Directors approved policy changes enhancing the experience rating system through the addition of an excess cost surcharge.  The amended policy sets out that firms meeting criteria demonstrating ongoing significant high costs will be subject to an excess cost surcharge, capped at 500 percent of the industry base rate for the firm's classification.

The changes are effective for rate years on or after January 1, 2009.  

Meeting Date: Mar 19, 2008 File type: PDF (74 KB) Asset type: Policy & Regulation Decision