When a company binds their first Workers’ Compensation policy it is given an ARD, which will be the same as the effective date.
Example, a company binding their first Workers’ Compensation policy on 3/1/2016 would have an effective date of 3/1 as well as an ARD of 3/1. In the example above, when the state of Florida increased rates an average of 14.5% starting on 1/1/2017 the WC policy would not reflect these new rates until the 3/1/17 ARD. Let’s use a different scenario and say that on 1/1/2017 instead of a 14.5% increase there was actually a 14.5% DECREASE.
My sincere thanks to those who are already proactively looking at these difficult, but important, issues and working towards solutions. We'd had a report about a man drinking on a bench on a platform.
Last month for example, I was struck down by a pressure sore. It was late at night, he was alone, and there were no trains due to stop at that platform...
Perhaps they’d make an exception for a breakout like Coffee Meets Bagel (I’m an advisor) or Tinder, but in the main, it’s an uphill battle for dating apps to attract interest.
In this vlog for Huff Post UK, Rola talks about the launch of Can Do, how people power is the greatest driver of social change, and why we need a smarter solution to deliver humanitarian aid in the 21st Century.
At present, it is all too easy for someone to buy a corrosive substance and throw it, sometimes from a distance, at another person.
How would rates apply if an insured cancelled and re-wrote their policy effective 1/1/17 to get the lower rates?
Looking at this strictly from a rating and pricing perspective, the insured would pay the same rate from 1/1/17 – 3/1/17 and on 3/1/17 (their ARD) they would receive the new rates. Take a look at the graphic below to see if it helps…