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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.

DBA & Inspection Bureau of Massachusetts

Category
Trade Association
Employees
55
Volunteers
12

Financial Snapshot

FY ending 2023-12-31
Revenue
$15.9M
Expenses
$13.8M
Assets
$10.5M
Liabilities
$6.1M

Financial history

$16.9M$8.5M$0
1617181920212223
RevenueExpenses
Latest FY2023: $15.9M · Peak FY2017: $16.9M · Avg: $16.1M
WORKERS COMPENSATION RATING & INSPECTION BUREAU OF MASSACHUSETTS
Your actions

Address

101 ARCH Street
Boston, MA, 02110-113

Governance

Voting board members12
Independent members12
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Board approved compYes
Public records
ProPublica Nonprofit Explorer
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IRS Tax Exempt Organization Search
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