NY A09369

Authorizes insurers, with Department of Insurance approval, to offer schedule rating plans for workers' compensation insurance that reflect an individual employer's specific risk characteristics

Limits the maximum rating modification under these plans to plus or minus 25 percent of the base premium

Specifies that schedule rating modifications are separate from and in addition to credits or debits under Workers' Compensation Law section 134

Excludes schedule rating plan modifications from other pricing mechanisms including experience rating and merit rating systems

Prohibits inclusion of schedule rating plans in general rate changes made under existing insurance law provisions