NCCI-WCRA

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.