NCCI’s Residual Market training webinars are available for precertification or for those who want to learn more about the workers compensation residual market.
Precertification
Precertification is required for all potential new Servicing Carriers and for carriers who have not acted as Servicing Carriers 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:
- View the
Residual Market Precertification Roadmap for a summary of courses.
- Submit the
Precertification Training Confirmation form to
scs_administrator@ncci.com.
- Attend NCCI’s
Residual Market Forum.
Residual Market Training Webinars
Module 1—Introduction to the Residual Market
NCCI’s Residual Market Training (Time: 1:54)
An introduction to the residual market training series.
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 to the precertification process for potential new Servicing Carriers.
Servicing Carrier Selection Process (Time: 4:07)
An outline of 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—Plan Programs
Residual Market Pricing Programs and Coverages (Time: 2:28)
An explanation of Assigned Risk pricing programs and coverages.
Assigned Carrier Performance Standards (Time: 2:48)
A review of the required
Assigned Carrier Performance Standards.
Elements of Noncompliance (Time: 5:20)
A discussion of the essential elements of noncompliance and the carrier’s role.
Module 5—Pool Programs
Pay for Performance Program (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 Carrier.
Indemnification Procedures (Time: 3:45)
Information regarding a Servicing Carrier’s right to indemnification, and the procedures and requirements that must be followed in order to be reimbursed.
Uncollectible Premium Reporting (Time: 6:00)
An overview of the approval process required for Servicing Carrier reimbursement of uncollectible premium and related collection expenses.
Petition for Servicing Carrier Allowance (NP-10) (Time: 3:19)
Information regarding a Servicing Carrier’s right to indemnification, and the procedures and requirements that must be followed in order to be reimbursed.
Module 6—Audit Oversight Program
Audit Oversight Program (Time: 4:01)
NCCI’s four-part program for oversight of Servicing Carriers.
