FWCJUA Market Assistance Plan (MAP)
The purpose of the MAP is to implement sections 627.311(5)(c)4.d. and 627.311(5)(c)24., Florida Statutes, establishing a market assistance plan to provide access to and assist in the placement of workers compensation and employers liability insurance coverage in the voluntary market for Employer’s applying for or securing coverage through the FWCJUA. The MAP shall assist Employers who submit Applications for Coverage to the FWCJUA in obtaining coverage in the voluntary market. The MAP shall not assist in the placement of any types of coverage other than workers compensation and employers liability insurance coverage. The MAP shall operate in conformity with all other applicable laws of the State of Florida.
Eligibility:
All Employers for which Applications for Coverage have been submitted to the FWCJUA or coverage has been provided through the FWCJUA shall be eligible for the MAP.
MAP Assistance Programs:
1. Employers Applying for Coverage Through the FWCJUA
a. At the end of each working day, the MAP Manager shall provide the MAP -
Account Profiles (excludes the incurred loss ratio for applications not
submitted online) for the Applications for Coverage received by the FWCJUA
on that day to each Insurer, authorized Agency or its Designated Producer
who has requested to participate in this depopulation program.
b. The Insurer or the authorized Agency or its Designated Producer shall advise
the MAP Manager by the following business morning which Employers it will be
pursuing. (This permits the FWCJUA to prioritize the Applications for
Coverage to be processed.)
c. The Insurer or Designated Producer shall contact the Employers or the
Employers' Agencies it wishes to pursue to gather any necessary additional
information and shall promptly advise the MAP Manager which Employers it
quotes. (The Insurer should attempt to quote the Employer with an effective
date that coincides with the FWCJUA's anticipated effective date.)
d. Upon accepting a quote, the Employer or the Employer's Agency or Designated
Producer should promptly notify the MAP Manager in writing that the Employer
has secured voluntary market coverage and no longer requires FWCJUA
coverage. If the FWCJUA has already bound coverage, the FWCJUA will flat
cancel its coverage provided a letter of assumption from the Insurer
indicating that the Insurer is assuming all workers compensation and employer
liability for the Employer coinciding with the FWCJUA's period of coverage is
received within forty-five (45) calendar days, otherwise the FWCJUA will
cancel the Employer's policy on a pro-rata basis.
2. Employers who have Secured Coverage Through the FWCJUA
The MAP Manager shall make available upon request the following standard
monthly depopulation reports containing MAP - Account Profiles for Employers
insured by the FWCJUA through the FWCJUA's website, www.fwcjua.com, or in
hard copy and at no cost to either Insurers or authorized Agencies and their
Designated Producers. If an Insurer or an authorized Agency or its Designated
Producer desires a format other than provided for by a standard report, the MAP
Manager may provide the desired format at the Insurer's or the authorized
Agency's cost. The MAP Manager shall make every effort to meet reasonable
requests for reports utilizing Key Application Data and/or MAP - Account Profiles
that are consistent with the policies and direction of the Board.
a. Applications Bound and Awaiting Processing: This report provides the MAP
- Account Profiles (exlcudes the incurred loss ratio for applications not
submitted online) for all Employers for which the FWCJUA bound coverage in
the prior month.
b. Policies in Force: This report provides the MAP - Account Profiles (excludes
the total number of employees covered under the policy) for all Employers
currently written by the FWCJUA.
Insurers or authorized Agencies or their Designated Producers who are able to secure a voluntary market workers compensation and employers liability quote for an FWCJUA Employer utilizing a MAP depopulation report should inform the MAP Manager. To report an offer of voluntary coverage to the MAP Manager, please visit our website at www.fwcjua.com and click on "Portal Access", located at the bottom of the home page. Log in and click on "Standard Market Quote Reporting" and submit the requested information. (Note: An Employer who receives such a voluntary coverage quote may no longer be in good faith entitled to insurance throught the FWCJUA.)
Account Profiles generally include the following key application data:
1. Employer name and FEIN, if applicable
2. Date of receipt for in-process Applications for Coverage or effective date of
FWCJUA policy
3. Governing class code of Employer and business description
4. Total number of employees estimated to be covered under the policy, including
corporate officers, sole proprietors, partners, and members of a limited liability
company (LLC)
5. Total estimated annual payroll for all employees estimated to be covered under the
policy, including corporate officers, sole proprietors, partners, and members of a
limited liability company (LLC)
6. Total estimated annual premium for Employer
7. Yes/no minimum premium policy indicator
8. Experience modification factor for Employer, if applicable
9. Incurred loss ratio
10.Street address, city, state, zip code and phone number of Employer
11.Street address, city, state, zip code, phone number, fax number and email
address of the Employer's Agency of record
12.Tier Assignment
13.Employer's number of years in business
Insurers licensed to write workers compensation insurance in Florida as well as authorized Agencies and Designated Producers may access MAP depopulation reports by following this link: Web Access for MAP Reports
Depopulation Program:
As provided in section 627.311(5)(c)24., Florida Statutes, an Employer insured through the FWCJUA who is offered coverage from an Insurer:
1. During the first thirty (30) calendar days of FWCJUA coverage;
2. Before an FWCJUA policy is issued;
3. By issuance of a policy upon expiration or cancellation of the FWCJUA policy; or
4. By assumption of the FWCJUA's obligation with respect to an in-force policy,
is no longer eligible for coverage through the FWCJUA. The premium for risks assumed by the Insurer must be no greater than the premium the Insured would have paid under the FWCJUA, and shall be adjusted upon renewal to reflect changes in the FWCJUA rates and the tier for which the Insured would qualify as of the time of renewal. The Insured may be charged such premiums only for the first three (3) years of coverage by the Insurer. A premium under section 627.311(5)(c)24., Florida Statutes, is deemed approved and is not an excess premium for purposes of section 627.171, Florida Statutes.
MAP Partnership Program:
The FWCJUA has partnered with CompLinx in a program to provide greater access to and assist in the placement of coverage in the voluntary market for Employers applying for or securing coverage through the FWCJUA. CompLinx provides access to workers compensation insurance voluntary markets either directly or through wholesalers. The Insurers represented typically have expanded underwriting guidelines to accept a wide range of classes and loss history due to the FWCJUA surcharged premiums. CompLinx does not sell insurance but assists in the negotiations with Insurers/wholesalers in regards to the commission paid to Agencies/agents. Typically, the “co-broker” commission will be more than the Agency Producer Fee paid on an individual account bound through the FWCJUA making this a win-win situation for all. Authorized Agencies and their Designated Producers may register directly with CompLinx at http://www.complinx.com/ and for a monthly fee submitted directly to CompLinx, will be able to co-broker business with CompLinx to markets the authorized Agency and its Designated Producer(s) may not usually have access to. Otherwise, the authorized Agency and its Designated Producer(s) may continue to submit business “as usual”, at which point the FWCJUA shall run the application submissions through the CompLinx system. For more information you may contact CompLinx directly at 941-927-9500.
For more information, contact the Underwriting Department at 941-378-7400 or email at underwriting@fwcjua.com. |