CompClues Topics

145 topics found.
Alternate Employer Endorsement
Wording and explanation of the Alternate Employer Endorsement, WC 00 03 01 A
Amish _ Workers Compensation
Exclusion of Amish workers in the Indiana Workers Compensation system.
Assigned Risk - Minimum Premium
Minimum premium rule, recent minimum premiums by year, minimum premium formula.;
Assigned Risk: Agent Commission
Assigned risk commission table, commissions paid within 30 days, and commission includes premium from assigned risk surcharge.
Assigned Risk: New Risk & Expiration Lists
Bureau assigned risk records "shall be open to any bureau member or its authorized representative.";
Assigned Risk: Surcharge
Explanation of the Indiana assigned risk surcharge of 30%.
Assigned Risk_ Application & PEO Tips
Helpful tips for completing the ACORD 130, 133 and PEO forms.
Assigned Risk_ Loss Sensitive Rating Plan
Mandatory assigned risk retrospective rating program for employers having residual market premium of $250,000 or more ($100,000 before 1/01/2012). 3 Resources
Assigned Risk_ Payment Plan & Cancellation
Describes procedure to require payment in full after second notice of non-pay.
Assigned Risk_ Pool Assessment & Reapportionment
Explanation of the ICRB assessment and reapportionment process.;
Assigned Risk_ Take-Out Credit Program
A program to encourage carriers to remove (or take out) employers from the residual market.;
Assigned Risk_ WCIP & Articles of Agreement
The Articles of Agreement are included in the Workers Compensation Insurance Plan (WCIP).;
Audit
Audit rules for Voluntary and Assigned Risk markets in Indiana.
Business Entity Types
Discussion of the types of business entities: sole proprietorship, partnership, corporation, S-corporation, limited liability company (LLC), nonprofit corporation, limited partnership, limited liability partnership (LLP).
Cancellation
Laws and rules regarding cancellation of workers compensation policies; Pro rata and short term examples.;
Carrier Filings Report
Rate guide - a list of carrier advisory rate and loss cost filings 21 Resources
Catastrophe Provisions- TRIA
Rules that deal with catastrophe.
Claim Dispute or Appeal
The Worker's Compensation Board of Indiana can informally assist parties to resolve claim disputes or formally hear a disputed case before a hearing officer.
Classification Code Rates & Look-up
Class Code rate and look-up information
Classification Corrections
Dates used for classification corrections
Classification System Rules
Summary of classification rules and class change effective dates.;
Classification System: Sample Explanation
Explains the system and the process when a new class code is being considered.;
Classification_ Regularly and Frequently for Executive Officers
Rules regarding "regularly & frequently" rule for executive officers
Coal Mining
Overview of coal mining industry in Indiana.;
Commission vs. Fee
Licensed producer may charge a fee on a commercial transaction in if the provisions of Indiana Code 27-1-15.6-24 are followed. 1 Resources
Competitive Rating in Indiana
Effect of competitive rating in Indiana broken out by three types of rate departures: policyholder dividends, schedule rating, and carrier deviations.; 14 Resources
Data Collection
Description of data collected from ICRB members to the Bureau
Data Reporting_State Codes
Table of state anumeric codes
Deductible and Coinsurance
Indiana law permits deductible and coinsurance options for workers compensation policies.;
Disease Loading
Discussion on the Basic Manual Disease Loading rule with special attention to Indiana limestone.
Dispute Resolution
Explanation of Formal Dispute Process 1 Resources
Dividends
The inclusion or exclusion of dividends in payroll;
Elected or Appointed Official
Elected or appointed official can be covered for workers compensation.;
Employee Leasing & PEOs
Discussion on employee leasing, PEOs; laws, rules for classification and experience rating, assigned risk rules.; 13 Resources
Employee or Independent Contractor
Discussion on the laws and rule of determining status and the IRS forms.;
Employers Liability
The other part of the standard workers compensation policy - employers liability insurance provides coverage for damages because of bodily injury to an employee; standard and increased limits, statistical codes.; 1 Resources
Employers Liability - Stop Gap
A gap exists in employers liability insurance coverage for an employer who has operations in a monopolistic state fund state. There are ways to stop or "fill" the gap.;
Excluded Workers
Exempt employees from the Indiana WC Act or who may elect optional coverage.; 2 Resources
Exclusive Remedy
Workers Compensation benefits are an injured wokrers exclusive benefits when injured on the job
Executive Officer
Rules, classification and premium determination for types of officers
Ex-medical Coverage
Coverage that excludes medical benefits, meaning the employer would be responsible for paying the medical portion.;
Experience Rating - Noncompensable Claims
Explains impact to the experience modification resulting from a ruling a claim is noncompensable.
Experience Rating Adjustment (ERA)
Experience Rating Plan allows a 70% discount for medical only claims.; Paying small claims;
Experience Rating- Corrections
Rules regarding the correction of experience ratings, and their effect on premium.;
Experience Rating- Excluded Losses
Losses that are excluded from experience rating calculations
Experience Rating Overview
The Experience Rating Plan tailors, or modifies, the price of insurance and provides an incentive for safety.
Experience Rating: Explaining Experience Modifications
Explanations on how one large loss affects the rating, that the ICRB makes no judgements on losses reported to us by carriers, and that experience continues even if employer changes operations.
Experience Rating: Maximum Mods
Experience rating modifications have maximum limits based on a formula.; 1 Resources
Experience Rating: Split Point
Explanation of change to primary/excess split point 1 Resources
Extra-Territorial Guidelines
Suggestions on where to assign payroll for multi-state exposures.;
F Classes
The "F" class contains both federal and state elements within its rate.;
Federal Acts
Summaries of LHWCA, FECA, FCMHSA, Jones Act, FELA, MSAWPA;
Fee Schedule
Indiana will have a workers compensation medical fee schedule beginning 07/01/14. A billing review service must adhere to IC § 22-3-3-5.2.
FEIN Registration
Where to register for a Federal Employer Identification Number (abbreviated as FEIN or EIN).;
Filings List (Item Filings)
List of item filings made in Indiana. 215 Resources
Foreign Coverage
Discussion of foreign country exposures and how coverage is provided.; 4 Resources
Glossary of Insurance Terms
Definitions of frequently asked insurance terms in alphabetical order.
Governing Classification
Summary of rules for governing class, governing state, and governing policy.
Hazard Groups
Hazard Groups differentiate the degree of hazard for classifications from the least hazardous (group A) to the most hazardous (group G).
Hot Topics
Quick news and other interesting items. 28 Resources
ICRB Authority
The Bureau is granted authority from three sources to exercise its enforcement responsibility.;
ICRB Circulars
List of circulars and PDF files containing their contents. 165 Resources
ICRB Governing Board Members
List of current Governing Board members from September to September.
ICRB History
Lists of the bureau names, addresses, and managers since 1935.;
ICRB Membership
Sections on: ICRB membership count, state ranking by insurance company count, statute references that create bureau members, ICRB $250 minimum assessment, and list of members.;
Illegal Aliens
Discussion if illegal aliens (undocumented workers) are entitled to workers compensation benefits and summary of IRCA.
Independent Bureaus, NCCI and WCIO
State rating organizations and their contact information
Indiana Department of Insurance
IDOI address, phone numbers, website, mission, copies of filings, and complaint contact.
Indiana Insurance Guaranty Association
An organization to guarantee payment of claims if a carrier goes bankrupt.
Indiana Public Employers Plan (IPEP)
IPEP is a group self-funded workers compensation program for Indiana public employers.
Indiana Self-Insurers Association
An alliance of self-insured businesses and third party administrators.
Industry Groups
Five categories of classification codes used in ratemaking.; 1 Resources
Injury and Loss Codes
Brief description of Injury Type code and Loss Condition code for unit statistical reporting.;
INSafe Assessment
Description of the Indiana In Safe Assessment
Inspection Criteria
Criteria and requirments for inspections
Interstate Rating
List of states (11) not part of the interstate rating program, and rules on intra to inter.;
Joint Venture
Summary of experience rating rules for joint ventures
Limited Liability Company & Limited Liability Partnerships
Treatment of LLC and LLP members in Workers Compensation policies.
Losses: Likely to Develop or Unlikely
Breakdown of losses into Likely to Develop or Not Likely to Develop categories in the annual rate filing.;
M Classifications
Explanation of "M" classes which previously were "A" rated, but now have a rate.
Membership Information
Bullet items to inform new members about Indiana workers compensation.;
Milestones
Listing of dates of importance and special interest to the ICRB.; 1 Resources
Minor Employees
Discussion of the requirement to provide workers compensation to minor employees.
Multi-state Employer
Discussion of the issues facing multiple state employers.
Nonratable Disease Element
A nonratable disease element is that portion of an advisory rate that accounts a specific disease being covered.;
Other States Coverage
Explanation of Other States Coverage; 1 Resources
Ownership Rules
A definition of ownership rules and how they apply to experience rating modifications 1 Resources
Ownership: Partnership Split
Transfer of experience mod upon dissolvement of business is not alwasy possible
Ownership: Recalculate Rating
Rule on recalculating a rating: within and after 90 days of change.; 2 Resources
Payroll Deductions for WC Impermissible
Employers are not permitted to take payroll deductions to pay for worker's compensation insurance.;
Payroll Limitations for Owners and Executive Officers
Total payroll is the most equitable measure of distributing the cost of job related injuries among similar employers.;
Payroll: Group Insurance
Payments by an employer to group insurance or pension plans are excluded.;
Payroll: Inclusions & Exclusions
Review of Basic Manual Rule 2.B. regarding what items are included and excluded to determine payroll for workers compensation insurance.
Police Reserve Officers
Police reserve officers may be covered by WC medical and burial benefits.
Policy Coverage All Employees Presumed Covered
Workers compensation policy is "presumed to cover all the employees...of the insured.";
Policy Forms
The ICRB files all standard forms with the IDOI on behalf of all members for their use.; 1 Resources
Policy Year , Accident Year, and Calendar Year
Explanation of the differences among these type of data for workers compensation insurance.;
Poor Relief Recipient
A poor relief recipient is covered for only medical treatment and burial expenses benefits under the Workers Compensation Act.;
Premium Algorithms
The method and steps for calculating Indiana workers compensation insurance premium.
Premium Discount Program
Premium Discounts are not mandatory in Indiana and not available in the Assigned Risk Market. 1 Resources
Pricing Components of WC Policy
Several rating and pricing programs (e.g. schedule rating, premium discount, dividends) offer significant premium swings.;
Proof of Coverage
Proof of coverage program utilized by the Workers Compensation Board.
Public Employees Retirement Fund (PERF)
Explanation of the Public Employees Retirement Fund (PERF) for police and firefighters.; 1 Resources
Rate Change Endorsement
When to use the Rate Change Endorsement.;
Rate Filing
Discussion of the rate filing process, advisory rates, assigned risk rates, loss costs, and carrier choices.;
Rate Filing: Benefit Changes
Explanation of the "law only" advisory rate filings recently filed with July effective dates.;
Rate Level and Premium Level Changes
Explanation of the difference between rate level change and premium level change.;
Retrospective Rating Plan
Explanation of Retrospective Rating Plans.
Schedule Rating Plan
Explanation of Indiana's Schedule Rating Plan
Second Injury Fund
Explanation of Second Injury Fund and covered benefits
Self-Insured Group
Similar employers join together to insure themselve 1 Resources
Self-Insureds
Self-insured employer regulations and contacts
Servicing Carrier Allowance
History and amounts of allowances since 1991.
Servicing Carrier Audit Standards
Explanation of the on-site servcing carrier audit process.
Servicing Carrier Contacts
Servicing carrier toll free telephone numbers and general email addresses.
Servicing Carrier Standards
Summary of servicing carrier standards in effect for Indiana.
Short and Long Term Policies
Rules regarding Short and Long Term Policies
State Funds
Explanation of state funds (operated by a state) that issue workers compensation policies, just like an insurance company.;
Statutory Accounting Principles (SAP)
The regulatory requirements insurance companies must follow in reporting their financial status.;
Swing Limits
The annual rate filing process calculates a maximum deviation or "swing limit" to prevent severe changes in advisory rate from year to year.
Terrorism
News bits and observations about the impact of terrorism on the insurance industry. 22 Resources
Trucking
Discussion of law, rules, and guidelines; coverage issues arise due to the interstate operations of the industry.;
Unemployment Compensation
The employer's Unemployment ID Number is a field requested (not required) on the IAIABC EDI POC reporting format.;
Unicover WC Pool
Simple explanation of the Unicover workers compensation reinsurance pool which collapsed in 1999.;
Unpaid Interns
Discussion of coverage applicability to unpaid interns
USP Reporting Due Dates
Chart showing Unit Statistical Plan reporting requirements by month. 2 Resources
Volunteer Firefighters
Explanation of the volunteer fire company "book of business" and coverage requirements.; 1 Resources
Volunteers
Information on Volunteer coverage in WC;
Waiver of Subrogation
Explanation of the legal concept of subrogation and its presence in workers compensation rules.; 2 Resources
Waiver of Workers Compensation Benefits
Agreement by an employee to waive his rights under the WC Act is invalid.;
WC Board Forms
Forms for Workers Compensation Board of Indiana.
Work Release Programs
Inmate/offender eligibility for Workers Compensation
Workers Compensation Requirements and Penalties
IC-22-3-2-2 requires employers to carry workers compensation coverage, with some exceptions;
Wrap-Up Construction Projects
Explanation of rules, features, and benefits of Wrap-Up Construction Projects.;

Introduction

Introduction

Welcome to "Comp Clues"! We are pleased to provide you this full text search document library. This library has been created and revised over the years as questions arise and new rule changes are implemented in workers compensation in the State of Indiana.

​The material in this database has been prepared and shared for informational purposes only and should not be relied upon as legal advice on any particular situation.