The ICRB submits annual rate filings to the Indiana Department of Insurance for approval to be effective each January first. In addition, because of benefit level increases effective July first as passed by the legislature, the ICRB may submit a “law only” rate filing to reflect the impact of the benefit increase on advisory rates. Listed below are summaries of recent filings.
The ICRB also posts a rate guide report that tracks carrier filings of rates, loss cost multipliers (LCMs), and class specific deviations that are submitted to the Indiana Department of Insurance (DOI). The report is located in the Reference Library titled Carrier Filings Report.
Advisory Rates, Loss Costs and Assigned Risk Rates Effective January 1,
IDOI "Filed” via SERFF on which completes the approval process.