770-250-0227 brian.smith@iousa.com
Select Page

Medical-only claims are an important factor in the experience modification rating process. In many states, these claims, also known as injury or IJ code type 6 losses, are reduced by 70 percent for the mod calculation.

Source: www.wgbender.com

Well written article with information metrics on the true value of loss reporting versus out-of-pocket payments.  Interesting points made clarifying the reality of loss reporting to the insurance carrier.