Washington Retrospective Rating Adjustment Protest (WRAP) is a process that allows employers in the state of Washington to dispute their workers' compensation premium rates. WRAP is a process that allows employers to dispute their final premium rate, premium rate adjustments, and/or a premium rate calculation error. The WRAP process is administered by the Washington State Department of Labor & Industries (L&I). There are two types of Washington Retrospective Rating Adjustment Protest: Formal Protest and Informal Protest. With the Formal Protest, employers must complete the required form and submit it to the L&I with supporting documentation. The L&I will then consider the employer's protest and make a decision. The Informal Protest is similar to the Formal Protest, however, employers do not have to submit the required form and supporting documentation. Instead, the employer must submit a letter to the L&I with the details of the protest. The L&I will then consider the employer's protest and make a decision.
Washington Retrospective Rating Adjustment Protest
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How to fill out Washington Retrospective Rating Adjustment Protest?
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FAQ
Retrospective rating plan premium is the sum of basic premium, converted losses, plus the excess loss premium and retrospective development premium elective elements if you chose them. This sum is multiplied by the applicable tax multiplier shown in the Schedule.
A Retro Plan is a risk sharing program whereas the insurance company issues a policy with both a minimum and maximum premium for the policy along with a rating formula. The actual, or final, premium is determined at the end of the policy period by the using the formula based on the rating factors and the actual losses.
Industrial Insurance (workers' compensation) is for work related injuries and illnesses, and pays for approved medical, hospital, and related services essential to an injured worker's treatment and recovery. It also provides partial wage replacement for injured workers who are temporarily unable to work.
Your appeal should include the following: Employee's name and claim number (include on every page) Date of the L&I decision or order you are appealing. Description of the L&I decision or order you are appealing. Reason(s) why you disagree with the decision. Your name, mailing address and phone number.
Retrospective rating is simply another way of calculating your premium, after the fact or ?retroactively.? A Retro coverage period lasts 12 months and can begin any calendar quarter.