Policy Review/Policy Entry

An important activity of the Association is the capture of policy coverage information and the management of the Insurance Coverage Verification System (ICVS). The ICVS function provides the Department of Labor and Industry with computer generated information on workers' compensation insurance coverage and eliminates the carriers' obligations to file notifications of coverage and cancellations with the Department. The data entry area processed a total of 610,605 items in 1995. These items were distributed as follows:


 

Voluntary Market

Assigned Risk

Total

       
Policies 53,284 25,222 78,506
Policies (tape) 2,588 21,336 29,924
Endorsements 214,180 222,737 436,917
Cancellations 22,284 59,665 81,949
Subtotals 292,336 328,960 621,296



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MWCIA
Minnesota Worker's Compensation Insurers Association, Inc.
7760 France Avenue South, Suite 640
Minneapolis, Minnesota 55435
(612) 897-1737