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Committee hears testimony supporting transparency for workers’ compensation rate-setting
Summary
Stakeholders told the Labor and Workplace Standards Committee that Senate Bill 61 36 would require the Department of Labor and Industries to publish actuarially indicated workers’ compensation base rates and disclose when the department limits increases, helping employers and policymakers understand rate trade-offs.
The Labor and Workplace Standards Committee heard bipartisan support Feb. 20 for Senate Bill 61 36, which would require the Department of Labor and Industries (L&I) to publish the actuarially indicated premium rate for each workers’ compensation risk class and to disclose when the department caps increases below those levels.
Kelly Leonard, staff to the committee, told members the bill would require L&I to publish the actuarial indicated rate, identify…
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