Unit Statistical Report (USR) Data Review Period Financial Call Data Review Period Rating Value Filing -Proposed Effective Date Rating Value Filing Frequency Notes:
California August 15 - December 31 (prelim summary); April 1 -June 15 (significant issues affecting pure premium) May 1 - September 30; February 15 - March 31 January 1 Annually USR Data Review Period references the period in which additional inquiries may be issued during the preliminary summary process utilizing a complete set of USR evaluations to be used in the rate filing and additional USR inquiries may be made into specific issues that may have a significant impact pure premium rates. California collects aggregate financial data calls on a quarterly basis. The 1st Quarter and 2nd Quarter evaluations are used in the annual rate filings (effective Jan 1), with their review period spanning from May 1 - Sept 30. To the extent that a mid-year rate filing (effective July 1) is proposed, the 4th Quarter evaluation would be used, with its review period spanning from Feb 15 - Mar 31. Review of the quarterly financial calls is performed year-round, but the periods defined in the matrix apply to review of data used in the rate filings.
Delaware February 1 - June 15 April 1 - July 30 December 1 Annually A Federal & USL&HW file review is conducted every two years concurrent with the State filing.
Massachusetts March 1 - September 30 March 1 - August 31 September 1 At least every two years but as frequently as annually or any additional date that the commissioner may designate The Commissioner of Insurance can order a rate filing with 60 days notice.
Michigan May 15 - September 15 April 1 - July 1 AR - January 1 VO - Carrier Option AR - Annually VO - Carrier Option
Minnesota February 1 - June 15 March 1 - June 30 August 15 / January 1 Annually
NCCI States: January 1 - December 31 March 15 - December 31 January 1 - December 31 Varies by State Refer to Status of Rate Revision circular for current state effective dates.
New Jersey January 01 - June 30 April 01 - July 31 January 01 Annually
New York December 1 - March 1 March 1 - May1 1-Oct Annually In NY, by statute, a loss cost filing must be made no later than May 15. Major USR and Call data reviews and reconciliations must take place prior to that date; however, other data reviews, especially on USRs, are performed continually throughout the year if not completed during the filing cycle.
North Carolina November 1 - July 1 April 1 - September 1 April 1 Annually
Pennsylvania May 15 - September 15 July 1 - September 15 April 1 Annually A Federal & USL&HW file review is conducted every two years concurrent with the State filing.
Wisconsin January 1 - May 1 April 1 - May 1 October 1 Annually