2011 FINANCIAL CALL PACKAGE

2011 Financial Data Incentive Program | 2011 Premium Call | FAQ
2011 Financial Data Reporting Application (FDRA) | DSR Levels

 

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The following is a list of the Delaware Financial Calls Valued as of 12/31/2011 for data reportable during 2012. The Delaware Financial Calls include:

Introduction Letter of February 13, 2012 Letter
Acknowledgment Form FDRA
Statutory Page 14 FDRA
Call # 1 - Policy Year Call FDRA Instructions
Call # 2 - Calendar Year Expense Data Call FDRA Instructions
Call # 4 - Large Claim Experience by Policy Year FDRA Instructions
Call # 8 - Net Large Deductible Policy Year Call FDRA Instructions
Call # 9 - Gross Large Deductible Policy Year Call     FDRA Instructions
Call # 12 - Assigned Risk Policy Year Call FDRA

Instructions
Call # 15 - Catastrophe Experience Call FDRA Instructions

 

Frequently Asked Questions

 

Q: CAN WE REQUEST AN EXTENSION ON THE CALLS’ REQUIRED DUE DATE?
A: The DCRB will not grant an extension for any reason. All calls must be received prior to or on the required due date.
 
Q: CAN CALLS BE SUBMITTED BY FAX OR E-MAIL?
A: Calls must now be reported through the Financial Data Reporting Application (FDRA) and cannnot to be faxed or e-mailed. Revisions to those calls must also be submitted through the FDRA.
Q: WHAT IS THE FINANCIAL DATA REPORTING APPLICATION (FDRA)?
A: The FDRA is an internet based system that allows carriers to enter, edit and submit all Financial Calls and Forms to the DCRB.
Q: WHAT CALLS ARE TO BE REPORTED THROUGH THE FDRA?
A: All Calls, the Acknowledgement Form and Statutory Page 14 must now be reported through the FDRA. 
Q: WHICH CALLS ARE SUBJECT TO THE FINANCIAL DATA INCENTIVE PROGRAM (FDIP)?
A: All Calls and Forms are now subject to the provisions of the FDIP. The Acknowledgment Form is subject to late reporting fees while Calls #1, #2, #4, #8, #9, #12, #15 and Statutory Page 14 are subject to late reporting, resubmission and failed edit assessments.
 
Q: OUR COMPANY HAS NOT WRITTEN BUSINESS IN A FEW YEARS. DO WE NEED TO CONTINUE SENDING CALLS?
A: Yes. Experience for policy years continues to develop for many years after those policies expire. While a carrier may not have any new business, the current calendar year will generally reflect activity on those older years. Tracking of that activity is a crucial part of the DCRB’s analysis in the preparation of rate and/or loss cost filings.
 
Q: CAN WE CHANGE OUR DESIGNATED CONTACT PERSON?
A: Yes. A carrier may change their Designated Contact Person at any time. Simply notify the DCRB and we will mail you the forms to complete or you can print the forms directly from this website. Once we receive the completed form, we will update our records accordingly. Otherwise, all correspondence will continue to be sent to the contact person on record.
Q: THERE ARE SOME ITEMS ON OUR FINANCIAL CALLS THAT MAY LOOK EXTRAORDINARY WITHOUT EXPLANATION. SHOULD WE WAIT FOR A CRITICISM LETTER BEFORE WE OFFER AN EXPLANATION?
A: No. We encourage all carriers to attach additional information at the time of submission. The FDRA provides a text box on the reconciliation pages and also has a create notes section for carriers to provide explanations for any imbalances or inconsistencies. In most cases, a simple paragraph is sufficient and a DCRB criticism letter may be avoided.
Q: WHERE CAN I GET A COPY OF THE INSTRUCTIONS OR FORMS FOR A FINANCIAL CALL?
A: Copies of the instructions for all Calls can be accessed and/or printed from the DCRB’s web site. All Forms must be accessed through the FDRA.
Q: CAN I USE THE APPLICATION LOGIN BUTTON ON YOUR WEBSITE TO ACCESS THE FDRA?
A: No. You must first click on the website’s DATA REPORTING section and then on the Financial Data Reporting section in order to obtain access to a link for the FDRA. FDRA access is totally independent of the DCRB’s Application Login. 

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