Sections on: ICRB membership count, state ranking by insurance company count, statute references that create bureau members.
ICRB membership totaled 692 carriers as of December 2019. Membership consists of all carriers with a class 2B license to write workers compensation insurance, as granted by the Indiana Department of Insurance.
27-7-2-3. Rating bureau – Members
After July 1, 1935, every insurance company authorized to effect worker’s compensation insurance in this state shall be a member of the worker’s compensation rating bureau of Indiana. The bureau shall be composed of all insurance companies lawfully engaged on July 1, 1935, wholly or in part in making worker’s compensation insurance in Indiana or who shall after July 1, 1935, be issued a certificate of authority to make worker’s compensation insurance in this state.
The bureau shall admit to membership every company lawfully engaged in whole or in part in writing worker’s compensation insurance in Indiana.