Good news for your clients! State Fund submitted an updated rate filing to the California Department of Insurance to reduce our overall rate level (base rate change) by 10.4%. The intended result is a reduction of collectible premium by 10%. The impact to individual policyholders and classifications will vary.
Our new rates will apply to policies with effective dates of January 1, 2019 and later. We can start quoting January business at the end of October, so bring us your accounts, and let us show you how your clients can benefit from our new lower rates.
State Compensation Insurance Fund is not a branch of the State of California.