House Bill 419, Workers' Compensation Benefits Increases
AlaskaAgency guidance
Ask Donna
How this section applies to your facts.
Alaska Division of Insurance Bulletins › House Bill 419, Workers' Compensation Benefits Increases
Text
BULLETIN B00-04
TO: All Alaska Workers’ Compensation Insurers and Producers and Other Interested
Parties
RE: House Bill 419; Increase in Workers’ Compensation Benefits and Premiums
On June 1, 2000, Governor Knowles signed into law House Bill 419. Effective July 1, 2000,
the provisions of this bill will increase workers’ compensation benefits that have not changed
in over a decade. The new benefit levels are designed to provide compensation to injured
workers that will adjust to keep up with future inflation.
Adjustments for inflation will be accomplished by basing the new weekly rate of
compensation upon the statewide average weekly wage for the preceding calendar year,
rather than upon a fixed dollar maximum and minimum. Other benefit changes include an
increase of more than 30 percent in compensation for physical impairment and significant
increases in death benefits for widows, widowers, and orphans.
The National Council on Compensation Insurance, Inc. (NCCI) has submitted to the Division
of Insurance a loss cost filing to apply to policies that renew on or after July 1, 2000, and to
all outstanding policies on a pro rata basis. This filing, if approved, will increase workers’
compensation premiums. NCCI’s filing is currently under review by the Division to ensure
that it complies with Alaska’s insurance laws.
DATED: June 22, 2000
Robert A. Lohr
Director
By: Stan Ridgeway
Deputy Director
This is a copy of a public record, reproduced as it was published. It is not legal advice, and it may not be the version a court would rely on. Check the official source before you cite it.