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Workers Compensation Experience Mods and Reserves

An insured loss was set up with a reserve of $550,000 over three years ago. It was settled this year for only $5,800; however, the insured has been living with this $500K reserve in his experience mod for over two years. Now that this huge reserve has has been paid at only a penny per reserve dollar, can he get his new mod and past mods reduced with a return of premium?

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​127 South Peyton Street
Alexandria VA 22314
​phone: 800.221.7917
fax: 703.683.7556
email: info@iiaba.net

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