A. ORGANIZATION OF THE NEW YORK RETROSPECTIVE RATING PLAN

This manual contains rules and rating values that have been approved by the New York State Insurance Department pursuant to Article 23 of the New York Insurance Law. The manual is organized according to the following topics:

B. JURISDICTIONS WHICH MAY BE COMBINED WITH NEW YORK ON INTERSTATE RETROSPECTIVE RATING PLANS

Alabama Kentucky Oklahoma
Alaska Louisiana Oregon
Arizona Maine Pennsylvania
Arkansas Maryland Rhode Island
Colorado Massachusetts South Carolina
Connecticut Minnesota South Dakota
Delaware Mississippi Tennessee
District of Columbia Missouri Texas
Florida Montana Utah
Georgia Nebraska Vermont
Hawaii Nevada Virginia
Idaho New Hampshire Washington *
Illinois New Mexico West Virginia
Indiana North Carolina Wisconsin
Iowa North Dakota * Wyoming *
Kansas Ohio *  

*  For interstate retrospective rating plan, this Plan applies to employers liability only.

C. INTRODUCTION

The rules contained in this manual apply only to workers compensation and employers liability insurance, whether written alone or in combination with other commercial casualty insurance. A retrospective rating plan is based on a mutual agreement between the insured and the carrier. Refer to the Retrospective Rating Plan issued by the Insurance Services Office for rules that govern other commercial casualty lines of insurance.

Premium under a retrospective rating plan is the direct result of incurred losses. A retrospective rating plan reflects the cost of losses plus the insurance carrier's expenses in providing this insurance.