 |
|
|
|
|
Welcome to the Workers' Compensation Reinsurance Association (WCRA). The WCRA is
a nonprofit organization that reinsures all workers' compensation insurers and self-insured
employers in Minnesota. The WCRA assures financial security for Minnesota's employers
and their most seriously injured workers by providing cost-effective reinsurance
coverage and quality services.
|
|
|
WHAT'S NEW AT THE WCRA
|
|
Commissioners Approve Surplus Distribution Recovery Program
Commissioner of Labor and Industry Steve Sviggum and Commissioner of Commerce Glenn Wilson approved the WCRA Surplus Distribution Recovery Program on June 30. At a special meeting on June 26, the WCRA Board of Directors had adopted several revisions to the Program at the request of the commissioners.
The WCRA will now be able to calculate estimated 2010 assessments for insurers and self-insurers. These estimated amounts will be sent to WCRA members in mid-July. The Department of Commerce is developing procedures for insurers to follow in billing and collecting deficiency assessments from workers’ compensation policyholders beginning January 1, 2010.
|