FWCIGA Assessment Reporting and Remittance Presentation …...7kuhh :runiorzv
Transcript of FWCIGA Assessment Reporting and Remittance Presentation …...7kuhh :runiorzv
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FWCIGA Assessment Reporting and Remittance
March 11, 2020
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Today’s Speakers
Corey Neal is the COO at FWCIGA and has spent many years in insurance operations helping companies implement product changes.
Liz Frisbie is the controller at FWICIGA and responsible for ensuring we collect all members’ surcharges.
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Where to find more…
Download the Assessment Surcharge Reporting & Remittance How-to Guide PDF
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How to Submit Questions
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We will collect questions submitted in the “Questions” text box and answer them at the end of each section. If your question is not answered, please follow up after the presentation.
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Process OverviewThree Different Workflows
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Workflow Overview
Receive Form via DocuSign
Assign Form to Someone
Complete Form
Sign Electronically?
Authorized to Sign?
Print, Sign, and Upload Form
Yes
No
Adopt Signature and Sign
Yes
No
Make Payment
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Three Workflows
You are authorized to sign and you complete the form electronically
You are not the authorized signor and must assign it to someone else
You or the authorized signor must print to complete the form
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Workflow #1How to Submit a Quarterly Surchage Remittance
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Workflow 1 Overview
Receive Form via DocuSign
Complete FormSign
ElectronicallyMake Payment
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Step 1: Begin the Process
To begin the reporting process, open email and click on REVIEW DOCUMENTS.
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Step 2: Agree to Sign
Click checkbox to agree to sign electronically. Later you will be able to Print and Sign if your company’s approval policy doesn’t allow you to sign electronically.
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Step 3: Verify and Update
Verify and update company and contact information.
Enter Direct Premium Collected, Deductible Premium Adjustments, and Retrospective Policy Premiums Adjustments, if any.
Step 4: Enter Calculations
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Step 5: Review the Checkbox
Click checkbox if you plan not to write workers’ compensation during the Assessment Year.
Enter your work title then click Sign button
Step 6: Enter Your Name
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Step 7: Adopt Your Signature
Select style type to adopt your signature. Next click, ADOPT AND SIGN to finish the reporting process.
DocuSign returns the completed Form via email that can be used to process payment to FWCIGA via check or wire transfer using your normal disbursement process.
Step 8: Completed Form
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Workflow #2How to Assign Quarterly Surcharge Remittance to Someone
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Workflow 2 Overview
Assign Form to Someone Who is
Authorized
Receive Form via DocuSign
Complete Form
Sign Electronically Make Payment
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Step 1: Begin the Process
To begin the reporting process, open email and click on REVIEW DOCUMENTS.
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Step 2: Assign to Someone Else
Click OTHER ACTIONS to route Form to someone else.
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Step 3: Enter Information
Enter new recipient’s name and email address. Adding a reason is optional. Then, click ASSIGN TO SOMEONE ELSE to complete the process. The new person will complete the remaining steps
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Workflow #3Print and Sign Quarterly Surcharge Remittance
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Workflow 3 Overview
Receive Form via DocuSign
Complete FormMake
PaymentPrint, Sign, and Upload Form
Same steps as Step 1 through Step 5 of Scenario 1
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Step 6: Select Print & Sign
Click Print & Sign under OTHER ACTIONS to download completed Form ready for wet signature.
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Step 7: Download Document
Click DOWNLOAD to download a copy of completed Form to store on your local computer. Manually sign Form, enter Title, and then click RETURN DOCUMENT to proceed with upload.
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Step 8: Upload Form
To upload Form, click UPLOAD A FILE and attach signed Form copied from your local computer. Then, click FINISH.
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PaymentHow to Submit
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Step 1: Locate Total
Locate payment amount on TOTAL ASSESSMENT SURCHARGE COLLECTED & REMITTED line.
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Step 2: Mail or Wire Funds
WIRE FUNDS:
FWCIGA Operating AccountAcct # 4729862433Bank: Wells Fargo Bank, N.A.ABA # 121000248Bank contact: Kathy McCallContact phone: (904) 351-7483
MAIL CHECK:
FWCIGAP.O. Box 15159Tallahassee, FL 32317
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Annual Reconciliation ProcessLooking Ahead
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2020 2021 2022
Schedule
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2023
Quarterly
Q1 Q2
Q3 Q4
Annual Annual Annual
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Next Steps
• Expect an email at the end of March.
• Reach out ahead of time if you need to update any contact information.
• Contact us for any specific concerns regarding the process.
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Questions?Submit to the Chat
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Thank you!