Controlling Workers Compensation Costs for Employers

Wednesday, February 21st 2018

Last updateSun, 16 Oct 2016 2am

  • Create an account

    Fields marked with an asterisk (*) are required.


To return to an article you were reading, please use the "back" key in your browser.

Search for glossary terms (regular expression allowed)
Begin with Contains Exact termSounds like


Term Definition
Pure Premium Advisory Rates

Pure Premium Advisory Rates. These rates are 'advisory' only. They are meant to serve as a guideline for insurance carriers to help them establish their published rates.

No carrier is required to follow the advisory rates – they can publish their own rates independent of the WCIRB's rates.


Policy Year is the same as Accident Year ( AY ). It is the year that the premiums are charged and all costs are incurred. All premiums and costs are accounted for on an accrual basis.

You are here: Home Glossary