Workers Compensation Rating & Inspection Bureau of Massachusetts
Trade
DBA: & INSPECTION BUREAU OF MASSACHUSETTS
Trade Association · BOSTON, MA · EIN 04-1591010
About
The workers' compensation rating & inspection bureau of massaschusetts (wcribma) is a voluntary NON-profit unincorporated association of insurers. Pursuant to the provisions of massachusetts general LAWS chapter 152, sections 52c, 63 and 65c, wcribma is licensed by the massachusetts division of insurance as the rating organization for workers' compensation insurance in massachusetts; it is the coverage verification entity for the massachusetts department of industrial accidents; and the administrator of the massachusetts workers' compensation assigned risk POOL. The wcribma also ACTS as the statistical agent for workers' compensation data on behalf of the massachusetts division of insurance. The wcribma, which is governed by a constitution and adheres to antitrust guidelines, collects and compiles premium and LOSS statistics for use in rate filings and various rating plans that are approved by the massachusetts division of insurance. On behalf of its members and subscribers, the wcribma makes and files rates, rules, classifications, rating plans, policy forms and endorsements, and other material pertinent for workers' compensation and employers' liability insurance policies, which are reviewed and approved by the division of insurance.