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  • 3rd Qtr 2025 Newsletter

    , reapportionment elements are incorporated into the assessment bill instead of a separate procedure. These updates streamline the process to increase efficiency, reduce system costs, and improve
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  • with Minnesota Basic Manual Rule 3-A-4-b (Multiply a Non-F classification rate by a factor of 1.46) 46% Terrorism per $100 of payroll $0.010 Minnesota Special Compensation Fund Assessment 1.9.... That the expense constant on each policy will be $190. 3. That the policyholder surcharge for the Special Compensation Fund (SCF) assessments shall be 1.9% of premium. 4. That the policyholder surcharge for foreign
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  • Minnesota_Basic_Manual.pdf

    ......................................................................................................... S2 C. MINNESOTA SPECIAL COMPENSATION FUND (SCF) ASSESSMENT SURCHARGE................................................................................................ UG2 C. SPECIAL CONDITIONS OR OPERATIONS THAT AFFECT COVERAGE ...................... UG2 D. EXPLANATION OF ITEMS—STANDARD POLICY
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  • MWCIA 1/1/2025 Assigned Risk Application

    Modification Modified Premium Merit Rating MCPAP Standard Premium Expense Constant $190.00 Terrorism Coverage Total Estimated Annual Premium MN Special Comp Fund Assessment (Modified Premium x
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  • MWCIA Articles & Bylaws

    a method of assessment whereby members shall agree to pay a proportionate share of the operating expenses of MWCIA and a full share of the expenses of any special services offered by MWCIA to the member... for assessment in that case. Section 5.03 Assessments for Special Services. MWCIA may make one or more assessments in addition to those described in Section 5.02 for the purpose of financing special services
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  • 25-1859.pdf

    assessment. The DSR premium is reported in the following data calls: • 2024 Accident Year Call (C1) • 2024 Accident Year Call – Large Deductible (C2) Action Requested: Verify Your Data by July 12
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  • MWCIA_Annual_Report_2024.pdf

    DIRECTORS37 As of December 31, 2024, the members of our Board were as follows: DIRECTOR: REPRESENTING: Mr. Aryeh Haselkorn AIG Ms. Stacey Kurash Accident Fund Open Board Position Mr. Paul Larson... and directing the accounting and budgeting activities for the MWCIA. n Administers the assessment and reapportionment of member carriers. n Manages the Human Resource function for MWCIA personnel. MWCIA
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  • c acvies, direct (one-on-one) paent con tact (use of dynamic acvies to improve funconal p erformance), each 15 minutes 97545 Work hardening/condioning; inial 2 hours 99199 Unlisted special... standardized paent assessment instrument and/or measurable assessment of funcona l outcome. Typically, 20 minutes are spent face-to-face with the paent and/or family. 97546 Work hardening/condioning; each
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  • MWCIA 1/1/2025 Assigned Risk Application

    Modification Modified Premium Merit Rating MCPAP Standard Premium Expense Constant $190.00 Terrorism Coverage Total Estimated Annual Premium MN Special Comp Fund Assessment (Modified Premium x
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  • MWCIA Circular 24-1849 - 1-1-2025 Assigned Risk Rates

    Ratemaking Report of the MWCIA. 2. That the expense constant on each policy will be $190. 3. That the policyholder surcharge for the Special Compensation Fund (SCF) assessments shall be 1.9% of premium... Fund Assessment 1.9% Limits of Employers Liability Standard: Bodily Injury by Accident $100,000 Each Accident Bodily Injury by Disease: $500,000 Policy Limit Bodily Injury by Disease
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  • MWCIA Annual Report 2023

    ,556,012 was collected through the assessment process. Revenues Assessments 7,556,012 91.7% Contract Services 530,826 6% Unit Statistical 65,080 .7% Other 86,683 1.05... HOME | NEXT ACCIDENT FUND COMPANY OF AMERICA Accident Fund General Insurance Company Accident Fund Insurance Company of America Accident Fund National Insurance Company United Wisconsin Insurance
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  • MWCIA Circular 23-1832 - NCCI ITEM B-1448-Revisions to Basic Manual Rules Related to Payroll Inclusions and Payroll Exclusions

    by which an employee's salary is reduced from gross pay to fund an employee-authorized deferred compensation plan in payroll. The salary reduction amounts are included in payroll for the policy year... under IRC Sections 401(a) and 501(a). d. The value of special rewards for individual invention or discovery. e. Dismissal or severance payments except for time worked or vacation accrued. a. Tips
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  • MWCIA Circular 23-1831 - NCCI ITEM B-1449 – Revisions to the Minnesota Basic Manual Rules Related to Service Charges and Automatic Gratuities

    prevailing wage law provided the pension trust is qualified under IRC Sections 401(a) and 501(a). d. The value of special rewards for individual invention or discovery. e. Dismissal or severance... by an employer into third-party trusts for the Davis-Bacon Act or a similar prevailing wage law provided the pension trust is qualified under IRC Sections 401(a) and 501(a). d. The value of special
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  • MWCIA Circular 23-1829 - Housekeeping Filing – NCCI ITEM R-1422—REVISIONS TO THE RETROSPECTIVE RATING PLAN MANUAL RULE RELATED TO THE TAX

    Longshore and Harbor Workers' (USL&HW) Compensation Act—Special Fund assessment, are contained in the relevant section of the TAAD. State act weights can be found in each state’s annual rate/loss... that the carrier must pay on the premium collected in an individual state. For states where NCCI files full rates, refer to the State Special Rating Values pages of this manual for the individual state tax
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  • Minnesota Experience Rating Plan Manual

    AND ON AN ADVISORY BASIS (MONOPOLISTIC FUND STATES)....................................................P1 RULE 1—GENERAL EXPLANATIONS... MODIFICATION ........................................................... R22 RULE 5—SPECIAL RATING CONDITIONS ............................................................................... R24
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  • MWCIA Circular 23-1828 - 1-1-2024 Assigned Risk Rates

    3-A-4-b (Multiply a Non-F classification rate by a factor of 1.47) 47% Terrorism per $100 of payroll $0.01 Minnesota Special Compensation Fund Assessment 2.0% Limits of Employers Liability.... That the expense constant on each policy will be $190. 3. That the policyholder surcharge for the Special Compensation Fund (SCF) assessments shall be 2.0% of premium. 4. That the policyholder surcharge
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  • MWCIA - 2016 Minnesota Stat Plan Manual - Effective 7-1-2023

    . Policy Number Identifier Report the code that uniquely identifies the policy under which experience occurred excluding blanks, punctuation marks and special characters. This number must
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  • MWCIA Circular 23-1821 - NCCI ITEM B-1447— Revisions to Manual Rules Related to the COVID-19 (Coronavirus) Pandemic – Paid Furloughed Employees and Final Premium Reporting

    trust is qualified under IRC Sections 401(a) and 501(a). d. The value of special rewards for individual invention or discovery. e. Dismissal or severance payments except for time worked or vacation...(a) and 501(a). d. The value of special rewards for individual invention or discovery. e. Dismissal or severance payments except for time worked or vacation accrued. f. Payments for active military duty
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  • MWCIA Annual Report 2022

    unit statistical reports. This procedure generated $147 ,425 in 2022. INSOLVENT FUND ACCOUNT The Association continues to make regular payments to one claimant of Security Casualty Company... the assessment process. Revenues Assessments 7,239,647 92.1% Contract Services 420,966 5% Unit Statistical 147 ,425 1.8% Other 92,039 1.1% $7,900,077 100% Expenses Compensation 4,849,627
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  • MWCIA Newsletter 3rd Quarter 2022

    Multipliers). Confused about what this all means? The link above is of special importance to carriers as The Minnesota Department of Commerce (Commerce) released updated procedures and revised Workers... in expediting the filing review process for rates effective January 1, 2023 and later. Please make special note of: 22-1807 22-1804: Expediated Rulemaking Completion: State Register published revisions
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  • MWCIA Circular 22-1811 - 1‐1‐2023 Assigned Risk Rates

    of payroll $0.01 Minnesota Special Compensation Fund Assessment 2.2% Limits of Employers Liability Standard: Bodily Injury by Accident $100,000 Each Accident Bodily Injury by Disease: $500,000 Policy... Ratemaking Report of the MWCIA.    2. That the expense constant on each policy will be $190.    3. That  the  policyholder  surcharge  for  the  Special  Compensation  Fund  (SCF)  assessments shall be 2.2
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  • Is the Special Compensation Fund assessment affected by these changes?

    FAQ

    The Special Compensation Fund (SCF) assessment is calculated by dividing the insurers’ 2023 funding liabilities by the insurers’ 2021 DSR pure premium. Note that the 2021 DSR pure premium and the 2023 DSR pure premium definitions are different.

    Due to regulatory changes, the definition of DSR premium has been expanded to include development to ultimate, trend, and loss adjustment expenses for the 2023 and subsequent years. Therefore, for policies written in 2023 and subsequent, carriers choosing to utilize an assessment rate may wish to account for the DSR premium definition change.

  • MWCIA Circular 22-1807- Minnesota Department of Commerce Workers’ Compensation Procedures Update 2023 and Revised Workers’ Compensation Forms

    Program (MCPAP) pure premium base rates appear, those are the base rates that must be used. Use of the DSR pure premium base rates will result in artificially low rates. 5. Special Compensation Fund Assessment – Minnesota Statute §176.129, subd. 2a(c) requires that the Special Compensation Fund assessment be collected as a policy surcharge and not as a part of the rate. Therefore, it should
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