Statutes, codes, and regulations
Washington Administrative Code
Title 296 - Labor and Industries, Department of
Chapter 296-17B - Retrospective rating for workers' compensation insurance
Section 296-17B-620 - More about the performance adjustment factor

Wash. Admin. Code § 296-17B-620

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Current through Register Vol. 24-23, December 1, 2024
Section 296-17B-620 - More about the performance adjustment factor

There is no particular significance to the performance adjustment factor being less than, greater than, or equal to 1.0000. The performance adjustment factor is influenced by many things, including overall premium rates, large losses by either retro or nonretro employers, and what options retro participants select when enrolling.

A new performance adjustment factor is calculated for each annual retrospective rating adjustment so that loss ratios of retro and nonretro employers are equal after refunds and additional premium assessments have been paid.

Wash. Admin. Code § 296-17B-620

Amended by WSR 17-12-020, Filed 5/30/2017, effective 6/30/2017

Statutory Authority: RCW 51.16.035, 51.16.100, 51.04.020(1), and 51.18.010. 10-21-086, § 296-17B-620, filed 10/19/10, effective 11/19/10.