Code of Massachusetts Regulations
211 CMR - DIVISION OF INSURANCE
Title 211 CMR 115.00 - Requirements applicable to workers' compensation insurance deductible plans
Section 115.04 - Requirements Applicable to Small and Medium-sized Deductible Plans

Universal Citation: 211 MA Code of Regs 211.115

Current through Register 1531, September 27, 2024

(1) Insurers and the Pool must offer all Insureds deductible plans, as optional endorsements to each workers' compensation policy issued, providing for per-claim deductibles of $500, $1,000, $2,000, and $2,500, as well as an alternative aggregate deductible plan providing for a per-claim deductible of $2,500 combined with a $10,000 aggregate deductible or an aggregate deductible equal to 5% of the basis for determining the aggregate deductible limit, whichever is greater.

(2) Insurers and the Pool may offer Optional Deductible Plans involving per-claim deductibles of $5,000.

(3) The Rating Bureau shall file with the Division at least once every two years, or at any other time requested by the Commissioner, the premium credits associated with Small and Medium-sized Deductible Plans. Such filings shall be subject to approval by the Commissioner.

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