Change in Reporting Standards for 4008LD - Workers' Compensation on Deductible Policy Reports- Letter from the Idaho Industrial Commission to All Insurance Companies

• Category: Idaho Workers Compensation - Surety
• State: Idaho
• Control #: ID-SKU-883
• Format: PDF

Description

Change in Reporting Standards for 4008LD - Workers' Compensation on Deductible Policy Reports- Letter from the Idaho Industrial Commission to All Insurance Companies The Idaho Industrial Commission has issued a letter to all insurance companies outlining changes in reporting standards for 4008LD — Workers' Compensation on Deductible Policy Reports. This letter outlines the following changes: 1. All insurance companies must report the total estimated amount due for Workers' Compensation premiums and deductibles for each policy period. 2. All insurance companies must report the individual premium and deductible amounts for each policy period. 3. All insurance companies must report the total amount of all premiums and deductibles paid for each policy period. 4. All insurance companies must report the total amount of all premiums and deductibles due for each policy period. 5. All insurance companies must report the total amount of all premiums and deductibles in arrears for each policy period. 6. All insurance companies must report the total amount of all premiums and deductibles not paid for each policy period. 7. All insurance companies must report the total amount of all premiums and deductibles refunded for each policy period. 8. All insurance companies must report the total amount of all premiums and deductibles not refunded for each policy period. 9. All insurance companies must report the total amount of all premiums and deductibles refunded for each policy period in excess of the amount due. These changes in reporting standards will help to ensure that insurance companies are accurately reporting the amount of premiums and deductibles due for each policy period and that they are not overcharging their customers. The Idaho Industrial Commission has asked all insurance companies to comply with these new standards in order to ensure that Workers' Compensation premiums and deductibles are being accurately reported.

The Idaho Industrial Commission has issued a letter to all insurance companies outlining changes in reporting standards for 4008LD — Workers' Compensation on Deductible Policy Reports. This letter outlines the following changes: 1. All insurance companies must report the total estimated amount due for Workers' Compensation premiums and deductibles for each policy period. 2. All insurance companies must report the individual premium and deductible amounts for each policy period. 3. All insurance companies must report the total amount of all premiums and deductibles paid for each policy period. 4. All insurance companies must report the total amount of all premiums and deductibles due for each policy period. 5. All insurance companies must report the total amount of all premiums and deductibles in arrears for each policy period. 6. All insurance companies must report the total amount of all premiums and deductibles not paid for each policy period. 7. All insurance companies must report the total amount of all premiums and deductibles refunded for each policy period. 8. All insurance companies must report the total amount of all premiums and deductibles not refunded for each policy period. 9. All insurance companies must report the total amount of all premiums and deductibles refunded for each policy period in excess of the amount due. These changes in reporting standards will help to ensure that insurance companies are accurately reporting the amount of premiums and deductibles due for each policy period and that they are not overcharging their customers. The Idaho Industrial Commission has asked all insurance companies to comply with these new standards in order to ensure that Workers' Compensation premiums and deductibles are being accurately reported.