Board of Directors Resolutions - September 2017

September 13,  2017

2018 Rate Setting

Approved the Chief Actuary’s recommendation:

  • An average 3% Schedule 1 premium rate decrease in 2018; and that
  • The decrease be applied at the Rate Group level.

2017 Economic Statement

Approved the 2017 Economic Statement.

September 21,  2017

Chronic Mental Stress

Approved the Chronic Mental Stress Policy including the:

  • Use of Physicians to conduct diagnostic assessments. 
  • Substantial Work-Related Stressor criterion. 
  • Use of the predominant cause test.

Report to Stakeholders

Approved the unaudited Second Quarter 2017 Report to Stakeholders, such document to be posted to the WSIB’s external website.

Sufficiency Report

Approved the unaudited Second Quarter 2017 Sufficiency Report to Stakeholders, such document to be posted to the WSIB’s external website.

Rate Setting for 2018

Approved the Chief Actuary’s revised 2018 premium rate recommendation:

  • Of an  average decrease of 3.3%  for the 2018 premium rate; and that the decrease be applied at the Rate Group level as follows;
    1. That premium rate decreases of up to 7.6 per cent be allowed;
    2. That any increases be applied only for CMS legislation and that these increases be capped at  5 per cent