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Vol. 41 | February 2021
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New Look to Submitting Supplemental Calls
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After listening to feedback from our member companies, we have added some additional features to the NISS website under Submit Supplemental Calls:
- The Supplemental Calls are now filtered by Company and Call Year so the drop down list will only show Calls that are applicable for your company.
- You can now upload a .csv file for your Membership Fees (MBR) submission.
- You can now save the MBR Call without submitting and finish it later.
There are also changes to the submission grid on the Supplemental Calls page, including a link to the .csv file that was submitted. We hope companies will find these new features helpful as we continue to improve our website and continue to make the reporting process as simple as it can be.
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Early Data Filings – The Importance of Due Dates
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At the beginning of each year, NISS sends a personalized filing schedule to each member company. The schedule contains a list of due dates for each line of business that company will be submitting. Receiving company data submissions by those due dates allows the NISS staff adequate time to process and review the data and make any necessary corrections so the data is ready to be included in compliance reports. The compliance reports are sent to state insurance departments and other organizations to fulfill regulatory requirements.
Several of the compliance reports are due to regulators not long after the NISS due date, which makes it essential that we receive the data in a timely manner. Below is a list of reports with early due dates, along with a brief explanation.
- Massachusetts Homeowners – Data is submitted to meet requirements set forth under the Massachusetts General Laws, Chapter 175, Section 4A.
- New York Voluntary Private Passenger Automobile – Full Detail Ratemaking Experience is reported to AIPSO.
- Voluntary Automobile – Data is submitted to AIPSO by each individual insurer for their use in determining and setting AIP quotas and apportioning state AIP expenses.
- Illinois Cost Containment Report Part 4203.A – NISS furnishes individual insurer (Auto, Homeowners, General Liability, Medical Professional Liability, Businessowners, Excess Insurance) data at the company's request.
- North Carolina Homeowners – Homeowners, Dwelling, and Mobilehome data is consolidated for all statistical agents, then sent to the North Carolina Rate Bureau.
Although NISS does not penalize companies for late data submissions, it is important to submit data by the due dates listed on your filing schedule. We appreciate on-time submissions!
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About Us
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NISS is a unique resource for the property/casualty insurance industry. We
collect and report timely,
quality insurance data and perform other related functions at a reasonable
cost.
For more information, please visit
www.niss-stat.org.
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2021 Upcoming Due Dates
For a list of upcoming due dates, please click
here.
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2021 Upcoming Meetings
Executive Committee Meeting
Teleconference
March 23, 2021 (tentative)
Board Meeting
Video/Teleconference
April 23-26, 2021 (tentative)
Technical Advisory Committee
Video/Teleconference
June 17, 2021
Executive Committee Meeting
Teleconference
August 24, 2021 (tentative)
Board Meeting
Teleconference
September 27, 2021 (tentative)
Technical Advisory Committee
Video/Teleconference
October 19, 2021
Executive Committee Meeting
Teleconference
November 23, 2021 (tentative)
Board Meeting
Teleconference
December 13, 2021 (tentative)
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Stat Brain Teaser
What number comes next in this sequence? 3, 6, 18, 72, ____
Please email your answers to
NISSNews@niss-stat.org.
A person will be randomly drawn from the first ten correct answers, and that
person will win a
$25 gift card from Amazon.com!
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Winner of $25 Amazon gift card last quarter: Kathleen Zarzycki
For the question and answer from the last brain teaser, please view the NISS
News section
here.
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