Residual Market: “The residual market (also known as the assigned risk market) is a market of last resort for employers who cannot otherwise get workers’ compensation insurance. “Residual markets require insurers writing specific coverage lines in a given state to assume the profits or losses accruing from insuring that state’s residual risks in proportion to their share of the total voluntary market premiums written in that state. The residual market ensures that coverage is available to all risks.
For Virginia, NCCI is the Commission’s designated agent for overseeing the Residual Market. Applications for the residual market are handled by several insurance carriers that bid to handle the market for Virginia.”
Return to Work (RTW): When the worker’s doctors says the worker can return to the job they did before the accident or at a job that pays the same amount or even a lesser amount. This is absolutely critical in Virginia to know as any statement by a doctor that you can return to ANY work could potentially have very important consequences for your claim.
Rules of the Virginia Workers’ Compensation Commission: “There are 14 Rules of the
Commission. These rules are issued to provide procedures to identify and resolve disputed issues promptly through informal dispute resolution or hearing.”
Injured at Work? Virginia Work Injury Lawyer Joe Miller has the Experience You Need
Joe Miller has helped thousands of Virginia injured employees get the work and medical benefits they deserve. He has been advocating for injured workers for over 25 years in Virginia and also in North Carolina. He makes sure you get full benefits for your injury situations. Please call attorney Joe Miller at 888-694-1671 for a free consultation or email jmiller@joemillerinjurylaw.com.
