Question

An unincorporated, nonprofit association representing all insurance companies in the State of California licensed to transact workers compensation insurance is known as?

1) Inspection Bureau of California Workers Compensation (IBCWC)
2) California Workers Compensation Rating Association (WCRA)
3) Rating Bureau of California
4) California Workers Comp Inspection Rating Bureau (WCIRB)

Answer 1

The correct answer is 4) California Workers Comp Inspection Rating Bureau (WCIRB). This unincorporated, nonprofit association represents all insurance companies in the State of California licensed to transact workers compensation insurance.

Step-by-step explanation:

The correct answer is 4) California Workers Comp Inspection Rating Bureau (WCIRB). This unincorporated, nonprofit association represents all insurance companies in the State of California licensed to transact workers compensation insurance. The WCIRB plays a crucial role in the workers' compensation system by collecting and analyzing data on workplace injuries and setting insurance rates based on the risk associated with different occupations and industries. It also provides information and resources to employers, insurers, and other stakeholders in the workers' compensation system.