| |
|
The New Jersey Compensation Rating and Inspection Bureau (NJCRIB)
was created and
continued pursuant to N.J.S.A 34:15-89 and -90.1.
|
|
| |
|
NJCRIB is charged by Statute to:
|
|
| |
 |
Establish and maintain rules, regulations and premium rates for workers compensation and employers
liability insurance
|
|
| |
 |
Adopt means for assuring uniform and accurate audit of payrolls as they relate to workers
compensation insurance
|
|
| |
 |
Encourage employers to reduce the number and severity of accidents by adjusting premiums
through the use of credits and debits under a uniform system of experience rating
|
|
| |
|
The responsibilities of NJCRIB include the following:
|
| |
 |
Administration of all Workers Compensation
Rates and Rating Programs
|
|
| |
 |
Administration of the Classification System
|
|
| |
 |
Review and maintenance of individual employer insurance coverage records
|
|
| |
 |
Administration of the Residual Market
|
|