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Vol. 47 | August 2022
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Supplemental Auto Call – Membership Fee (MBR) Call
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Each year on November 15th, NISS sends the Residual Market Participation Quota Determination to AIPSO on behalf of our member companies. Companies that write voluntary automobile policies are required to write a proportional number of residual market automobile policies, and AIPSO determines each company’s quota based on the data NISS sends.
In order to provide AIPSO the correct amount of premium for each company, we may have to take into account premiums that are included on your annual statement as automobile but may not be reported in the data submission to NISS. For this reason, the Membership Fee (MBR) Call is collected. The MBR Call includes membership or policy fee data with premiums separated between drivers under 25 years of age and senior citizen drivers. These fees can also be reported in the automobile data submission. If they are excluded from the data submission however, then the fee amounts need to be reported with the MBR Call.
By either including the membership fees in the data submission or reporting the amounts on the MBR Call, we can ensure that we are sending AIPSO the correct premium amounts. This will also ensure that each company is receiving the proper credit for writing drivers under 25 years of age and senior citizen drivers, and that they receive the correct number of assignments from the quota determination.
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NISS Workshop Registration
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Where We’re Going and Where We’ve Been
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In June, NISS attended the DigIn Conference in New Orleans, Louisiana In September, NISS will attend the InsureTech Connect Conference in Las Vegas, Nevada NISS attends the NAIC meetings throughout the year
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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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2022 Upcoming Due Dates
For a list of upcoming due dates, please click
here.
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2022 Upcoming Meetings
Executive Committee Meeting
Teleconference
August 23, 2022
Board Meeting
Teleconference
September 26, 2022
Technical Advisory Committee
Indianapolis, IN
October 18, 2022
Executive Committee Meeting
Teleconference
November 22, 2022
Board Meeting
Teleconference
December 12, 2022
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Stat Brain Teaser
A bookstore takes all its old books that have not sold at their original price and puts them in a 40% off bin. The books in the bin that still do not sell are reduced another 20% and put in the sidewalk sale. What is the percent price reduction of the sidewalk-sale price of a book from its original normal selling price?
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: Faye Cowell
For the question and answer from the last brain teaser, please view the NISS
News section
here.
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