Prepare for the upcoming 2023 Financial Call reporting season by reviewing the key updates by topic.
Financial Call Requirement Changes
Financial Data Compliance Form
To complete the Financial Data Compliance Form, you will be required to:
- Confirm if your Financial Call data has been valued as of December 31 for the current valuation year
- Identify any Nonextraordinary Loss Event (non-ELE) multiclaim occurrences that fall under NCCI’s revised definition of catastrophe
- For the definition and details, refer to NCCI’s Circular CIF-2021-21—Countrywide—Announcement of Item P-1418—Revisions to Catastrophe (Other Than Certified Acts of Terrorism) Premium Endorsement (WC 00 04 21 E)
Call #6—Insurance Expense Exhibit
The formal request for a company’s Insurance Expense Exhibit (IEE) from Call #6 has been removed from the listing of calls. You are not required to submit your IEE to NCCI because NCCI obtains your IEE from the National Association of Insurance Commissioners (NAIC). If NCCI can’t obtain your IEE from the NAIC, we may request it directly from you.
Catastrophe Code 11—Claims Resulting From Hurricane Harvey
The accident end date of August 23, 2020, has been established for Catastrophe Code 11.
Consistent Reporting of Data Linking Fields
For Call #31—Large Loss and Catastrophe and Call #33—Virginia Coal Mine Large Loss and Catastrophe, you must report the data linking fields in accordance with their reporting rules and be consistent across data types for the life of the policy and the life of the claim. This requirement applies to policies effective 1/1/2022 and forward.
The data linking fields are:
- Carrier Code
- Policy Number
- Policy Effective Date
- Claim Number
- Accident Date
If the data linking fields are not consistent across data types, consult with NCCI to determine the appropriate actions and evaluate the need for historical corrections.
Financial Data Collection (FDC) Tool Updates
Enhanced Import Feature for Financial Call Submission Files
FDC tool’s enhanced import feature, you can:
- Select and import multiple submission files at the same time instead of one file at a time for processing.
- Verify file(s) uploaded for valid format, file name, and allowable file characters
- View a listing of successful or rejected file submissions and their statuses
Modernized Navigation Menu
FDC tool’s navigation menu has been modernized into a menu list (hamburger menu) view. You will be able to access the tool’s features using the modernized menu located in the upper left corner. In addition, the menu has been enhanced with a new Publications and Training option to directly obtain the:
Financial Call Reporting Guidebook
Data Quality Guidebook
- Import Record Layouts
- Import Record Templates
- Online Product Training
Internet Browser Support
To access and view the
FDC tool properly, you must use a modern Web browser, such as the latest version of Google Chrome or Microsoft Edge. NCCI no longer supports Internet Explorer.
Financial Call Reporting Guidebook
Financial Call Reporting Guidebook updates, along with the Financial Call Edit Matrix, will be released in Fourth Quarter 2022. The guidebook contains the following updates:
Call Circular for Preview of 2023 Financial Call Season Reporting Changes
More details of the Financial Call changes will be outlined in an upcoming circular.
Data Now Program (DNP) 2023
Data Now Program (DNP) 2023 is scheduled for January 24–26 and will be virtual. Financial Call data reporting courses will be offered.
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