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CompLinx is a web based Workers Compensation system designed to work with
agents and brokers to help depopulate Assigned Risk Plans and State Funds throughout
the United States. The system is used by various states to identify if a risk is
eligible for a standard market prior to acceptance. CompLinx uses predetermined
filters and guidelines from more than 20 standard carriers to verify if each account
actually belongs in the market of last resort.
“The Florida Workers’ Compensation Joint Underwriting Association (FWCJUA)
becomes populated for a number of reasons. Obviously, there are some employers for
which no insurer will offer voluntary market coverage. For those employers, the
FWCJUA is the only answer and is therefore, the appropriate answer.”
There are also several unfortunate reasons that cause employers to be placed in
the State Funds that might be avoided, such as:
. The producer/agency has inadequate markets
or only represents a few insurers and does not have access or knowledge of other
markets that will accept the employer.
. The producer/agency is located outside of
a state in which an insured is expanding or relocating and their appointed markets
are not licensed.
. The producer/agency may have multiple markets
but is unsure which markets are willing to accept specific business prospects. Therefore,
the producer may “shotgun” the employer’s application to several
markets, but miss the insurer that would write the employer. Since insurers change
underwriting appetites and consequently their guidelines, it is often difficult
for the producer to maintain current underwriting information.
Laura Torrence
Executive Director FWCJUA
CompLinx works with agents and brokers to locate and assist writing coverage for
their insureds. In 2007 CompLinx has enhanced the system to auto-populate and/or
provide necessary forms and applications for cooperating State Funds. Many agents
are utilizing this new feature to reduce their workload and minimize their headaches
of dealing with the volumes of paperwork required.
Cennairus is always working with brokers, consultants, and individual risks to deliver
products, services and programs in distinct industries. We provide specialized approach
combined with expertise and experience to fully address the needs of a particular
segment.
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CompLinx is working with the FWCJUA as follows:
Keep Out Program
The Keep Out program reduces the number of accounts being processed by the FWCJUA
if a market is discovered upon initial application. As agents submit applications
to the FWCJUA, they are immediately entered into the CompLinx system by the FWCJUA
underwriters to identify possible markets. At this time the basic data is filtered
to determine eligibility considering the necessary underwriting data and the proposed
surcharge. These accounts are time sensitive due to the fact that the agents typically
avoid sending the accounts to the FWCJUA and wait until the last minute to make
application.
Take Out Program
The Take Out program is a monthly download of all FWCJUA insureds which fit predetermined
guidelines of our participating carriers. The accounts are identified electronically
and an email is sent to the agent requesting missing or further underwriting information
to accurately review the applicant. We have identified accounts which although appear
to be eligible are later determined to be disqualified after further review. Most
common factor is excessive subcontract exposure or ineligible operations – example
8017 appears eligible only to discover the insured sells or deals in explosives.
Once the account is flagged as ineligible, we will not send further requests for
information on the particular insured.
In both scenarios – Keep Out or
Take Out, the insured is no longer eligible for coverage with the FWCJUA
if we offer a voluntary coverage at a price which is equal to or less than the current
FWCJUA pricing. This allows us the ability to bind what we quote without penalty
of early cancellation of the existing policy.
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