WC Terms

Glossary - Workers Compensation Terms

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Advisory Organization Aircraft Seat Charge All States Coverage ARAP - Assigned Risk Adjustment Program Assigned Risk Plan (The Pool) Agent Anniversary Rating Date Anniversary Rating Date Endorsement Assigned Risk Premium Differential Endorsement Audit Audit Worksheet Audited Workers Compensation Premium Auditor Basic Premium Broker Broad Form All States Endorsement (no longer exists) Cancellation Carrier, Insurance Carrier, Insurance Company Certificate of Insurance Claims Classification Code Coal Mine Disease Charge Competitive State Fund Contingent Experience Rating Modification Factor Endorsement Contractors Premium Adjustment Credits Credit Modifier "D" Ratio Debit Modifier Declaration Page Deductible Small Deductible Workers Compensation Plan Deposit Premium Direct Writer Dividend Plan EMOD EMR Effective Date Expected Loss Ratio Employee Employee Leasing Employers Liability Endorsement Endorsement Entity ERM 14 Form Estimated Annual Premium Excess Losses Expected Losses Expense Constant Experience Period Experience Rating Form Experience Modification Factor (E-Mod) Experience Rating Modification Factor Endorsement Experience Rating Plan General Contractor Ghost Policy Governing Classification Guaranteed Cost Plan High Experience Modification Rate or EMR Increased Employers Liability Limit Incurred Losses Independent Contractor Inspection Process

Interstate Experience Modification Interstate Experience Rating Intrastate Experience Rating JUA Joint Underwriting Association Large Deductible Plan Losses Loss Runs or Loss History Loss Sensitive Plan Manual Premium Merit Rating Minimum Premium Manual Rate Modified Premium Monopolistic States Monopolistic State Fund Name Change Named Insured NCCI - National Council on Compensation Insurance NCCI Inspection Process Non Completed Audit Overtime Owner-Controlled Insurance Program Ownership Change Paid Loss Retrospective Plan Part One of Workers Comp Policy Part Two of Workers Comp Policy Part Three of Workers Comp Policy Payroll Payroll Audit Pending Rate Change Endorsement Policy Period Endorsement Premium Calculation Algorithm Premium Discount Endorsement Premium Modifier Rate Change Endorsement Rating Bureau Rating Formula Remuneration and Payroll Retention Plan Retro Plan Retrospective Rating Plan Risk Classification Schedule Rating Second Injury Fund Self Audit Form Self Insurance Site Inspection Standard Exceptions Standard Premium State Fund Subcontractor Subject Premium Uncooperative Audit Unexpected Audit Bill Uninsured Subcontractors UniStat Reports Unit Statistical Reports Who Is Insured Workers Compensation Inspections Workers Comp Premium Refund Review Workers Compensation Insurance XMOD