Workers comp rates for code 8631: Insurance Company
NCCI class code 8631 covers Insurance Company in the services industry. The median rate across 1 states is $8.90 per $100 payroll. Rates range from $8.90 in California to $8.90 in California.
Also known as: Insurance Carrier · Insurance Agency
Cheapest 5 states for code 8631
- California $8.90
Most expensive 5 states
- California $8.90
Code 8631 rates in all 1 states
| State | Code | Rate per $100 | vs peers | Source |
|---|---|---|---|---|
| California | 8631 | $8.90 | - | view |
Bottom quartile (cheap) Mid Top quartile (expensive)
FAQs about NCCI 8631
What occupation is NCCI class code 8631?
Class code 8631 is "Insurance Company" (also known as Insurance Carrier, Insurance Agency), in the services industry. The code is filed in 1 states.
What is the average workers comp rate for code 8631?
The median rate across 1 states is $8.90 per $100 of payroll, ranging from $8.90 (California) to $8.90 (California).
Why does code 8631 cost more in some states than others?
Workers comp rates reflect each state's loss experience for that occupation, the rating bureau's methodology (NCCI vs. independent), schedule rating credits, and the state's medical-cost inflation. Some states are monopolistic (only the state fund writes coverage) while others are open competitive markets.