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