WAC 296-17-90405
Individual retro - Enrollment
Your responsibility
To enroll in an individual retro
You must:
- Have an active L&I industrial insurance account.
- Keep your L&I industrial insurance account in good standing.
- Enroll all similar businesses that you own or have a controlling interest in.
| Note: A controlling interest means that you or a common set of owners own more than fifty percent of each business. If you acquire, purchase or start a new or existing business that you report in a separate L&I subaccount during the current coverage period that is of a similar business nature as the business enrolled in retro, the new business or businesses must be enrolled in retro for the remainder of the coverage period. |
| Example: You operate a chain of ten grocery stores. Each store is operated at a different location. You have requested that each store be assigned a special account (subaccount). You must enroll all ten stores in a retro plan. In addition, your company also has a separate administrative office. This office reports under the clerical office classification. You may elect to include your administrative office. |
- Participate in retro for the entire coverage period unless you become a self-insured employer, sell or close your business and close your industrial insurance account.
| Note: This requirement also applies to an employer's participation in a retro group. L&I will use the reported exposure (standard premium and developed losses) of the employer for the portion of the coverage period the business operated in the retrospective premium calculation for the group. |
- Have at least a minimum annual standard premium of $3,202.
- Select the maximum premium ratio and plan (A, A1, A2, A3 or B) that you wish to participate in. You should consider the benefits and risk of each plan and maximum premium ratio in making this selection.
| Note: Plan and maximum premium ratio choices cannot be changed after the coverage period begins. |
- Obey L&I's laws, rules and regulations.
- Complete, sign and return a copy of the "Individual Retrospective Rating Plan Agreement" form* to L&I by the due date indicated on the form.
| Note: Most employers participating in retro do so as a member of a group. If you are interested in participating in a group, you should contact the organization that sponsors the group you are interested in. They can tell you what their requirements are. Some organizations require a minimum standard premium for participation in their group. Any requirements other than those listed above are requirements of the organization that sponsors the retro group and not those of L&I. |
| Example: *View the Individual Retrospective Rating Plan Agreement form. |
| Note: If you contact us, we will send you a copy of the agreement form. A copy of the form can also be found on L&I's Web site. |
- Not participate in prohibited activities such as, but not limited to, direct payment of medical services for a job related injury or illness.
We may require
- You to provide us (L&I) with a surety bond or an assignment of savings.
If required
- The surety bond or assignment of savings will be executed on forms authorized by L&I.
| Note: The surety bond or assignment of savings requirement will be based on the difference between the participants' estimated standard premium and the maximum premium due under the applicable retro plan. If the standard premium falls within two increment ranges, the bond will be at the next higher thousand-dollar increment. The surety bond or assignment of savings must be in full force and effect for the entire coverage and the related adjustment periods. |
Our responsibility
Upon receipt of the required forms and documents
We will:
- Review the documents you have submitted and the Individual Retrospective Rating Plan Agreement form for completeness.
- Verify that your L&I industrial insurance account is in good standing at the time of enrollment.
- Notify you in writing of our acceptance or denial of your application to participate in retro.
[Statutory Authority: RCW 51.18.010 (www.leg.wa.gov)(1). 02-23-089, § 296-17-90405, filed 11/20/02, effective 1/1/03.]
This rule applies to retro coverage period(s) established prior to January 1, 2011.
The courts can take judicial notice of the Washington Administrative Code (WAC) only as published by the Office of the Code Reviser (www.leg.wa.gov). The text contained in this Web page may reflect minor changes when compared with the WAC.
