Actuarial Financial Calls

What expenses are considered DCCE?

Fri, 13 Jan 2023 17:07:50 GMT

Please see Part 4, Section D of the Minnesota Aggregate Financial Data Reporting Guidebook for details.

My company holds a license to write workers' compensation insurance in Minnesota but we have never written any WC business. Do we have to complete the Financial Calls?

Fri, 01 Jul 2016 00:00:00 GMT

No, completion of the call forms isn't necessary. However, every insurance company licensed to write workers' compensation insurance in the state of Minnesota MUST complete and file the Acknowledgment Form.

Are we to include or exclude TRIA Terrorism premium from the Policy Year and Accident Year Call submissions in ACCEDE?

Fri, 01 Jul 2016 00:00:00 GMT

As stated in the Minnesota Aggregate Financial Data Reporting Handbook, "premium generated and losses arising from the Terrorism Risk Insurance Act of 2002 are excluded from the standard financial calls."

Are claims associated with COVID-19 included in the Financial Calls?

Fri, 01 Jul 2016 00:00:00 GMT

Claim experience associated with Extraordinary Loss Event (ELE) Catastrophe Code 12 must be included in all Calls. Specifically, all COVID-19 claims greater than zero must be included in the Large Loss and Catastrophe Call—LL Call. Please follow the applicable date range for reporting Catastrophe 12 claims as detailed in Circulars 20-1768 (E-1407) and 23-1820 (E-1410).

Where can I find information on which premium components are included or excluded from the Financial Calls?

Fri, 01 Jul 2016 00:00:00 GMT

Part 4 of the Aggregate Financial Data Reporting Guidebook contains details on which premium components are included in the three earned premium types included on the Financial Calls.

Do we have to submit accident year and policy year large deductible calls in ACCEDE even if we have no information for them?

Fri, 01 Jul 2016 00:00:00 GMT

No, only complete the calls for which you have data to submit.

Where can I access ACCEDE reference materials, including specific instructions on how to complete the annual financial calls for Minnesota?

Fri, 01 Jul 2016 00:00:00 GMT

Instructions for completing the calls can be found on the ACCEDE page of our website located at https://www.mwcia.org/Pages/ACCEDE.

How can I access submitted Acknowledgment Forms?

Fri, 01 Jul 2016 00:00:00 GMT

Submitted Acknowledgment Forms can be accessed upon logging into ACCEDE under Acknowledgment List.

Is there a fining program associated with Financial Calls?

Fri, 01 Jul 2016 00:00:00 GMT

Yes. Please refer to Part 10 of the Minnesota Aggregate Financial Data Reporting Handbook for details.

How do I find the MWCIA Group Administrator?

Fri, 01 Jul 2016 00:00:00 GMT

Web Membership account holders can find their Group Administrator under the username and profile information on the top right corner. If you need a Web Membership account, please send an email to actuarial@mwcia.org.

Can I access the Self Audit Form?

Fri, 01 Jul 2016 00:00:00 GMT

Yes, the Self Audit form can be accessed upon logging into ACCEDE under Self Audit on the left panel.