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California’s state workers’ compensation insurer, State Compensation Insurance Fund, said it filed a revision to its rating plan that will result in a 3.5 percent reduction in premium effective July 1.

The insurer said that while its base rates will remain unchanged, it has expanded its merit rating and claims-free discount plans to lower rates for policies with superior safety records. The new rate filing will affect new and renewal workers’ comp policies with an effective date on or after July 1.

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