The Independent Insurance Agents of America (IIAA) and the National Council of Compensation Insurers (NCCI) have reached an agreement that will delay for at least one year implementation of a non-electronic filing fee for workers compensation residual market applications. NCCI had proposed requiring agents to pay a $45 fee for all assigned-risk applications submitted via mail or telephone after Sept. 18. This hard-copy surcharge had been proposed as a way to encourage agents to use NCCI’s new online Residual Market Application Processing Service (RMAPS) system. RMAPS is a free service for agents submitting business in the residual market under NCCI’s state-approved Workers Compensation Insurance Plan. Currently, NCCI receives only 14 percent of residual market applications online.
Topics Workers' Compensation
Was this article valuable?
Here are more articles you may enjoy.
Hedge Fund Money Is Reshaping a 180-Year-Old Insurance Model 
State High Court Weighs in on Woman Taken for Organ Donation But Was Still Alive 
Viewpoint: Japan’s $550B Bet on America—What it Means for the US Insurance Market 
AI for the Defense: Should Insurers or Law Firms Pay? From This Issue
