SURCHARGE ON HOLD
The Independent Insurance Agents of America (IIAA) and the National Council of Compensation Insurers (NCCI) agreed to delay for at least one year implementation of a non-electronic filing fee for workers’ compensation residual market applications. NCCI had proposed requiring agents to pay a $45 fee for all assigned-risk applications submitted via mail or telephone after Sept. 18. This hard-copy surcharge had been proposed as a way to encourage agents to use NCCI’s new, free online Residual Market Application Processing Service (RMAPS) system.
Popular Today
- UPS Ripped Off Seasonal Workers With Unfair Pay Practices, Lawsuit Alleges
- Court Ruling Could Help Shed Light on Owners of Litigation Funders, Medical Clinics
- AIG Partners With Amwins, Blackstone to Launch Lloyd’s Syndicate Using Palantir
- Viewpoint: Artificial Intelligence Is Rewriting the Rules for Commercial Lines