Residual Market Forum Precertification Training Modules

Posted Date: January 18, 2019
    
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Precertification is required for all potential new Servicing Carriers and for carriers that have not acted as a Servicing Carrier within the prior three years.

By completing these required training modules, you will learn about how to become eligible to submit a bid to become a Servicing Carrier. After you view this entire training series, take these steps to continue the precertification process:

  1. Submit the Precertification Training Confirmation form to scs_administrator@ncci.com.

  2. Attendance at the NCCI Residual Market Forum is also required.

Precertification Modules Roadmap

Roadmap
Module 1—Introduction to the Residual Market

Overview of the Residual Market Plan and Pool (Time: 4:07)
Learn how the Plan administration and Pool reinsurance functions differ but work together to service the residual market.

Plan Participation Overview (Time: 2:38)
An overview of carriers’ options of fulfilling their obligation to participate in the residual market.

Module 2—Becoming a Servicing Carrier

Servicing Carrier Timeline (Time: 4:52)
A summary of the time frame and process for becoming a Servicing Carrier.

Introduction to Precertification (Time: 2:28)
An introduction of the precertification process for potential new Servicing Carriers.

Servicing Carrier Selection Process (Time: 4:07)
This session outlines the steps involved in the selection process.

Module 3—Application Process

Application Processing (Time: 3:43)
Information on NCCI’s Assigned Risk Application process through our RMAPS® Online Application Service.

Assignment Mechanism (Time: 2:28)
NCCI’s mechanism that randomly assigns bound applications to Direct Assignment and Servicing Carriers.

Module 4—Residual Market Programs

Residual Market Pricing Programs and Coverages (Time: 2:28)
An explanation of the Assigned Risk pricing programs and coverages.

Performance Standards (Time: 2:48)
A review of the required Assigned Carrier Performance Standards.

Pay for Performance (Time: 4:30)
Understanding the incentive and disincentive program for Servicing Carriers.

Basics of Pool Financial Reporting (Time: 3:19)
Information on the types of data reporting that are expected of Servicing Carriers.

Module 5—Audit Oversight Program

Audit Oversight (Time: 4:01)
A session covering NCCI’s four-part program for oversight of Servicing Carriers.

Questions?

Contact scs_administrator@ncci.com.