Each year on November 15th, NISS sends the Residual Market Participation Quota Determination to...

Vol. 47 | August 2022

Supplemental Auto Call – Membership Fee (MBR) Call

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.

NISS Workshop Registration

Registration is open for the NISS Workshop which will take place October 17th, 2022 in Indianapolis, Indiana.

The workshop is a one-day event that begins at 9:00 AM and ends by 4:00 PM EDT. The registration fee is $99, and NISS has secured a nightly hotel rate of $169 at the Marriott Indianapolis North. The workshop covers a range of topics, including:

  • Why Statistical Reporting is Required

  • Preparation of Data

  • Submission of Data

  • Data Quality Reports

  • Reviewing and Editing Data

  • Reports and Compilations

It also includes a thorough walkthrough of the NISS website, including tutorials on the member-interactive features. The workshop is fairly technical in nature and primarily directed to staff members that are involved in the details of data management and statistical reporting. It is also a wonderful opportunity to meet the NISS staff.

Please click here to register!

Where We’re Going and Where We’ve Been

  • 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

About Us

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.

2022 Upcoming Due Dates

For a list of upcoming due dates, please click here.

2022 Upcoming Meetings

Executive Committee Meeting
August 23, 2022

Board Meeting
September 26, 2022

Technical Advisory Committee
Indianapolis, IN
October 18, 2022

Executive Committee Meeting
November 22, 2022

Board Meeting
December 12, 2022

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!

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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