Event Details

Industrial Insurance Premium Rates, 2024

Public Hearing on Proposed Rules
Thursday, October 26, 2023
10 a.m.


Department of Labor & Industries - Rooms S117, S118, S119
7273 Linderson Way SW
Tumwater, WA 98501

Olympia-Tumwater, L&I Office Location

Or join on your computer or mobile app:
Meeting ID: 846 8256 2930
Passcode: Oct2623!

To join by phone (audio only):
253-215-8782 US (Tacoma)
Meeting ID: 428 348 2697

The hearing will start at 10:00 a.m. and continue until all oral comments are received.

L&I encourages the submittal of written comments, due by 5:00 p.m. on October 31, 2023.


The purpose of this rulemaking is to establish premium rates and experience rating parameters for calendar year 2024. L&I adopted a 4.9% overall average premium rate increase to workers’ compensation insurance premium rates beginning January 1, 2024, and adjusting each industry risk classification rate to align with expected losses. Washington law provides that rates should be adjusted annually to reflect the hazards of each industry and in accordance with recognized workers’ compensation insurance principles and to ensure solvency of the accident, medical aid, and supplemental pension funds. The adoption is also notice that the Director intends to transfer the amount of the accident and medical-aid funds combined that exceed 10% of funded liabilities as required by RCW 51.44.023. The adoption also repeals WAC 296-17-871 Director’s discretion for incurred losses on claims with vocational plans, as this rule became obsolete with the 2015 amendment to RCW 51.32.096 Vocational rehabilitation benefits and options – Advisory committee – Procedures – Requirements – Definitions – Costs. The amendment to RCW 51.32.096 clarified that the vocational costs paid from the medical aid fund may not be charged to the State Fund employer’s cost experience, which was the intent of WAC 296-17-871 when created in 2010.