Unit Statistical Plan Data

Unit Statistical Plan data is collected, processed and tabulated for use in developing the classification data within the Association's annual Ratemaking Report. Listed below is a three-year summary of this activity.


Policy

Year Tabulated & Summarized

Number of Unit Reports
       
1-1-91 to12-31-91 1993 92,786
1-1-92 to12-31-92 1994 96,427
1-1-93 to12-31-93 1995 96,062



Insolvent Fund Account

The Association continues to make regular payments to claimants of Security Casualty Company of Chicago. No assessments were levied in 1994.

Fines

The Association has a fining procedure for delinquent, incorrect, or incomplete unit reports. This procedure generated $86,700 in fines in 1995. A summary on the status of the fine system is reported to the Commerce Department each month. The chart below shows a steady decline in fine activity over the last five years. The current procedure was implemented in 1990.




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