June 28, 2018
Beginning July 1, NCCI will begin using a number of updated class codes, and Texas Mutual will move to loss cost rating. You may also be aware that TDI had previously planned for the discontinued use of negotiated e-mods as of July 1. However, it was recently announced that this would be postponed until July 1, 2019. Keep reading to learn about these changes.
Negotiated e-mods
The Texas Department of Insurance has extended the ruling on negotiated e-mods. As a result, workers' compensation carriers writing business in Texas will no longer be authorized to negotiate e-mods effective July 1, 2019, postponing the effective date by one year.
We'll share more information as this date approaches. We encourage all companies to take a broader look at safety beyond e-mods, and Texas Mutual's safety services department is here to help. Our safety consultants and outreach center are available at 844-WORKSAFE, and policyholders can log in to texasmutual.com to access e-Learning and our safety resource center.
Class code changes
NCCI is implementing a number of class code changes July 1, 2018, and there are two notable changes. First is the deletion of 9552 (Sign Manufacturing and Installation) and the splitting of that exposure into two class codes, which are 9554 (Installation and Repair) and 3064 (Sign Manufacturing). The second notable change is the creation of new class code 7225, specifically for Wrecker/Towing Companies and Roadside Assistance Operations. You can find all the changes at ncci.com.
Move to NCCI loss costs
Texas Mutual is transitioning from TDI rate relativities to NCCI loss costs, effective July 1, 2018. This change should have minimal impact on your Texas Mutual clients and allows us to continue providing a stable, competitive source of workers' compensation for Texas employers.
Talk to your Texas Mutual underwriter if you have any questions about these upcoming changes.