NCCI WCRA
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NCCI program for Workers Compensation data reporting in the US.
Definition
WCRA requires every carrier to submit policies (Policy Reporting), exposures and losses (Unit Statistical Reporting) using fixed-width EDI formats. The mod factor is then computed from 3 years of data. Financial penalties for late reporting.
Origin
Maintained by NCCI Holdings, Inc. ; applied in 38 states.
Example in context
Carrier submits PR (Policy Reporting) transaction to NCCI within 90 days after inception.
Related terms
- NAIC NCCI — related regulators.