Workers' Compensation
Insurers Association
Actuarial Financial Calls
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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?
FAQ
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.
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Are we to include or exclude TRIA Terrorism premium from the Policy Year and Accident Year Call submissions in ACCEDE?
FAQ
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."
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Are claims associated with COVID-19 included in the Financial Calls?
FAQ
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).
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Where can I find information on which premium components are included or excluded from the Financial Calls?
FAQ
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.
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Do we have to submit accident year and policy year large deductible calls in ACCEDE even if we have no information for them?
FAQ
No, only complete the calls for which you have data to submit.
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Where or how can I access specific instructions on how to complete the annual financial calls for Minnesota?
FAQ
Instructions for completing the calls can be found on the ACCEDE page of our website located at https://www.mwcia.org/Pages/ACCEDE.
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I don't see a transmittal form in ACCEDE. Are they no longer required?
FAQ
No, the transmittal is not required when using ACCEDE.
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Is there a fining program associated with Financial Calls?
FAQ
Yes. Please refer to Part 10 of the Minnesota Aggregate Financial Data Reporting Handbook for details.
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I've entered my Policy and/or Calendar-Accident Year data in ACCEDE and saved it, but now when I go to view the data I entered, it's gone. What happened?
FAQ
Your cache may be full in your Internet Explorer browser. Go to Tools (menu), Internet Options (menu), General (tab), Temporary Internet File - Delete Files (button), Delete all offline content (checkbox), Ok (button), Ok (button). This will clear your cache and allow you to view the data you entered.
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No matter what page of the call in ACCEDE is currently displayed when I hit the printer icon, the page printed is always Page 1 of the call. Why?
FAQ
Your cache may be full in your Internet Explorer browser. Go to Tools (menu), Internet Options (menu), General (tab), Temporary Internet File - Delete Files (button), Delete all offline content (checkbox), Ok (button), Ok (button). This will clear your cache and allow you to print the requested page.
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What expenses are considered DCCE?
FAQ
Please see Part 4, Section D of the Minnesota Aggregate Financial Data Reporting Guidebook for details.
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Should paid DCCE be reported as payments to date?
FAQ
Yes, please report paid DCCE as of the valuation date for the call. The amount is an accumulated total.
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Should DCCE amounts for expense-only claims be reported?
FAQ
Yes, but do not include expense-only claim counts under the Incurred Indemnity Claim Counts.
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How many years of DCCE should be reported?
FAQ
Report DCCE for all policy years and accident years where DCCE has been paid or a case outstanding DCCE amount has been established.
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How does Minnesota DCCE reporting differ from NCCI states?
FAQ
The Minnesota DCCE reporting requirements align with the information requested by NCCI.