The WCIRB's Governing Committee is scheduled to meet on April 4, 2012 to consider the need for a mid-year pure-premium rate filing.

Pure premium rates are those considered adequate to cover anticipated worker compensation claims and certain associated claims-handling costs, but not other insurer expenses or profits.

Rate filings are submitted to the Insurance Commissioner and considered at a public hearing.  The Commissioner then makes a decision accepting, rejecting, or modifying the WCIRB's filing.  However, that decision is only advisory; insurers are free to disregard it in actually determining the premium they will charge.

Until fairly recently, the WCIRB routinely submitted mid-term (as well as annual January 1-effective) rate filings.  Currently, the WCIRB's policy is not to make a mid-term rate filing unless it feels that a substantial change is indicated.