FWCIGA Assessment Reporting and Remittance Presentation …...+RZ WR 6XEPLW D 4XDUWHUO\ 6XUFKDJH...
Transcript of FWCIGA Assessment Reporting and Remittance Presentation …...+RZ WR 6XEPLW D 4XDUWHUO\ 6XUFKDJH...
![Page 1: FWCIGA Assessment Reporting and Remittance Presentation …...+RZ WR 6XEPLW D 4XDUWHUO\ 6XUFKDJH 5HPLWWDQFH ô ... Microsoft PowerPoint - FWCIGA Assessment Reporting and Remittance](https://reader033.fdocuments.net/reader033/viewer/2022051815/603b5d893cc6370c023bf835/html5/thumbnails/1.jpg)
FWCIGA Assessment Reporting and Remittance
March 11, 2020
1
![Page 2: FWCIGA Assessment Reporting and Remittance Presentation …...+RZ WR 6XEPLW D 4XDUWHUO\ 6XUFKDJH 5HPLWWDQFH ô ... Microsoft PowerPoint - FWCIGA Assessment Reporting and Remittance](https://reader033.fdocuments.net/reader033/viewer/2022051815/603b5d893cc6370c023bf835/html5/thumbnails/2.jpg)
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.
2
![Page 3: FWCIGA Assessment Reporting and Remittance Presentation …...+RZ WR 6XEPLW D 4XDUWHUO\ 6XUFKDJH 5HPLWWDQFH ô ... Microsoft PowerPoint - FWCIGA Assessment Reporting and Remittance](https://reader033.fdocuments.net/reader033/viewer/2022051815/603b5d893cc6370c023bf835/html5/thumbnails/3.jpg)
Where to find more…
Download the Assessment Surcharge Reporting & Remittance How-to Guide PDF
3
![Page 4: FWCIGA Assessment Reporting and Remittance Presentation …...+RZ WR 6XEPLW D 4XDUWHUO\ 6XUFKDJH 5HPLWWDQFH ô ... Microsoft PowerPoint - FWCIGA Assessment Reporting and Remittance](https://reader033.fdocuments.net/reader033/viewer/2022051815/603b5d893cc6370c023bf835/html5/thumbnails/4.jpg)
How to Submit Questions
4
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.
![Page 5: FWCIGA Assessment Reporting and Remittance Presentation …...+RZ WR 6XEPLW D 4XDUWHUO\ 6XUFKDJH 5HPLWWDQFH ô ... Microsoft PowerPoint - FWCIGA Assessment Reporting and Remittance](https://reader033.fdocuments.net/reader033/viewer/2022051815/603b5d893cc6370c023bf835/html5/thumbnails/5.jpg)
Process OverviewThree Different Workflows
5
![Page 6: FWCIGA Assessment Reporting and Remittance Presentation …...+RZ WR 6XEPLW D 4XDUWHUO\ 6XUFKDJH 5HPLWWDQFH ô ... Microsoft PowerPoint - FWCIGA Assessment Reporting and Remittance](https://reader033.fdocuments.net/reader033/viewer/2022051815/603b5d893cc6370c023bf835/html5/thumbnails/6.jpg)
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
6
![Page 7: FWCIGA Assessment Reporting and Remittance Presentation …...+RZ WR 6XEPLW D 4XDUWHUO\ 6XUFKDJH 5HPLWWDQFH ô ... Microsoft PowerPoint - FWCIGA Assessment Reporting and Remittance](https://reader033.fdocuments.net/reader033/viewer/2022051815/603b5d893cc6370c023bf835/html5/thumbnails/7.jpg)
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
7
![Page 8: FWCIGA Assessment Reporting and Remittance Presentation …...+RZ WR 6XEPLW D 4XDUWHUO\ 6XUFKDJH 5HPLWWDQFH ô ... Microsoft PowerPoint - FWCIGA Assessment Reporting and Remittance](https://reader033.fdocuments.net/reader033/viewer/2022051815/603b5d893cc6370c023bf835/html5/thumbnails/8.jpg)
Workflow #1How to Submit a Quarterly Surchage Remittance
8
![Page 9: FWCIGA Assessment Reporting and Remittance Presentation …...+RZ WR 6XEPLW D 4XDUWHUO\ 6XUFKDJH 5HPLWWDQFH ô ... Microsoft PowerPoint - FWCIGA Assessment Reporting and Remittance](https://reader033.fdocuments.net/reader033/viewer/2022051815/603b5d893cc6370c023bf835/html5/thumbnails/9.jpg)
Workflow 1 Overview
Receive Form via DocuSign
Complete FormSign
ElectronicallyMake Payment
9
![Page 10: FWCIGA Assessment Reporting and Remittance Presentation …...+RZ WR 6XEPLW D 4XDUWHUO\ 6XUFKDJH 5HPLWWDQFH ô ... Microsoft PowerPoint - FWCIGA Assessment Reporting and Remittance](https://reader033.fdocuments.net/reader033/viewer/2022051815/603b5d893cc6370c023bf835/html5/thumbnails/10.jpg)
Step 1: Begin the Process
To begin the reporting process, open email and click on REVIEW DOCUMENTS.
10
![Page 11: FWCIGA Assessment Reporting and Remittance Presentation …...+RZ WR 6XEPLW D 4XDUWHUO\ 6XUFKDJH 5HPLWWDQFH ô ... Microsoft PowerPoint - FWCIGA Assessment Reporting and Remittance](https://reader033.fdocuments.net/reader033/viewer/2022051815/603b5d893cc6370c023bf835/html5/thumbnails/11.jpg)
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.
11
![Page 12: FWCIGA Assessment Reporting and Remittance Presentation …...+RZ WR 6XEPLW D 4XDUWHUO\ 6XUFKDJH 5HPLWWDQFH ô ... Microsoft PowerPoint - FWCIGA Assessment Reporting and Remittance](https://reader033.fdocuments.net/reader033/viewer/2022051815/603b5d893cc6370c023bf835/html5/thumbnails/12.jpg)
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
12
![Page 13: FWCIGA Assessment Reporting and Remittance Presentation …...+RZ WR 6XEPLW D 4XDUWHUO\ 6XUFKDJH 5HPLWWDQFH ô ... Microsoft PowerPoint - FWCIGA Assessment Reporting and Remittance](https://reader033.fdocuments.net/reader033/viewer/2022051815/603b5d893cc6370c023bf835/html5/thumbnails/13.jpg)
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
13
![Page 14: FWCIGA Assessment Reporting and Remittance Presentation …...+RZ WR 6XEPLW D 4XDUWHUO\ 6XUFKDJH 5HPLWWDQFH ô ... Microsoft PowerPoint - FWCIGA Assessment Reporting and Remittance](https://reader033.fdocuments.net/reader033/viewer/2022051815/603b5d893cc6370c023bf835/html5/thumbnails/14.jpg)
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
14
![Page 15: FWCIGA Assessment Reporting and Remittance Presentation …...+RZ WR 6XEPLW D 4XDUWHUO\ 6XUFKDJH 5HPLWWDQFH ô ... Microsoft PowerPoint - FWCIGA Assessment Reporting and Remittance](https://reader033.fdocuments.net/reader033/viewer/2022051815/603b5d893cc6370c023bf835/html5/thumbnails/15.jpg)
Workflow #2How to Assign Quarterly Surcharge Remittance to Someone
15
![Page 16: FWCIGA Assessment Reporting and Remittance Presentation …...+RZ WR 6XEPLW D 4XDUWHUO\ 6XUFKDJH 5HPLWWDQFH ô ... Microsoft PowerPoint - FWCIGA Assessment Reporting and Remittance](https://reader033.fdocuments.net/reader033/viewer/2022051815/603b5d893cc6370c023bf835/html5/thumbnails/16.jpg)
Workflow 2 Overview
Assign Form to Someone Who is
Authorized
Receive Form via DocuSign
Complete Form
Sign Electronically Make Payment
16
![Page 17: FWCIGA Assessment Reporting and Remittance Presentation …...+RZ WR 6XEPLW D 4XDUWHUO\ 6XUFKDJH 5HPLWWDQFH ô ... Microsoft PowerPoint - FWCIGA Assessment Reporting and Remittance](https://reader033.fdocuments.net/reader033/viewer/2022051815/603b5d893cc6370c023bf835/html5/thumbnails/17.jpg)
Step 1: Begin the Process
To begin the reporting process, open email and click on REVIEW DOCUMENTS.
17
![Page 18: FWCIGA Assessment Reporting and Remittance Presentation …...+RZ WR 6XEPLW D 4XDUWHUO\ 6XUFKDJH 5HPLWWDQFH ô ... Microsoft PowerPoint - FWCIGA Assessment Reporting and Remittance](https://reader033.fdocuments.net/reader033/viewer/2022051815/603b5d893cc6370c023bf835/html5/thumbnails/18.jpg)
Step 2: Assign to Someone Else
Click OTHER ACTIONS to route Form to someone else.
18
![Page 19: FWCIGA Assessment Reporting and Remittance Presentation …...+RZ WR 6XEPLW D 4XDUWHUO\ 6XUFKDJH 5HPLWWDQFH ô ... Microsoft PowerPoint - FWCIGA Assessment Reporting and Remittance](https://reader033.fdocuments.net/reader033/viewer/2022051815/603b5d893cc6370c023bf835/html5/thumbnails/19.jpg)
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
19
![Page 20: FWCIGA Assessment Reporting and Remittance Presentation …...+RZ WR 6XEPLW D 4XDUWHUO\ 6XUFKDJH 5HPLWWDQFH ô ... Microsoft PowerPoint - FWCIGA Assessment Reporting and Remittance](https://reader033.fdocuments.net/reader033/viewer/2022051815/603b5d893cc6370c023bf835/html5/thumbnails/20.jpg)
Workflow #3Print and Sign Quarterly Surcharge Remittance
20
![Page 21: FWCIGA Assessment Reporting and Remittance Presentation …...+RZ WR 6XEPLW D 4XDUWHUO\ 6XUFKDJH 5HPLWWDQFH ô ... Microsoft PowerPoint - FWCIGA Assessment Reporting and Remittance](https://reader033.fdocuments.net/reader033/viewer/2022051815/603b5d893cc6370c023bf835/html5/thumbnails/21.jpg)
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
21
![Page 22: FWCIGA Assessment Reporting and Remittance Presentation …...+RZ WR 6XEPLW D 4XDUWHUO\ 6XUFKDJH 5HPLWWDQFH ô ... Microsoft PowerPoint - FWCIGA Assessment Reporting and Remittance](https://reader033.fdocuments.net/reader033/viewer/2022051815/603b5d893cc6370c023bf835/html5/thumbnails/22.jpg)
Step 6: Select Print & Sign
Click Print & Sign under OTHER ACTIONS to download completed Form ready for wet signature.
22
![Page 23: FWCIGA Assessment Reporting and Remittance Presentation …...+RZ WR 6XEPLW D 4XDUWHUO\ 6XUFKDJH 5HPLWWDQFH ô ... Microsoft PowerPoint - FWCIGA Assessment Reporting and Remittance](https://reader033.fdocuments.net/reader033/viewer/2022051815/603b5d893cc6370c023bf835/html5/thumbnails/23.jpg)
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.
23
![Page 24: FWCIGA Assessment Reporting and Remittance Presentation …...+RZ WR 6XEPLW D 4XDUWHUO\ 6XUFKDJH 5HPLWWDQFH ô ... Microsoft PowerPoint - FWCIGA Assessment Reporting and Remittance](https://reader033.fdocuments.net/reader033/viewer/2022051815/603b5d893cc6370c023bf835/html5/thumbnails/24.jpg)
Step 8: Upload Form
To upload Form, click UPLOAD A FILE and attach signed Form copied from your local computer. Then, click FINISH.
24
![Page 25: FWCIGA Assessment Reporting and Remittance Presentation …...+RZ WR 6XEPLW D 4XDUWHUO\ 6XUFKDJH 5HPLWWDQFH ô ... Microsoft PowerPoint - FWCIGA Assessment Reporting and Remittance](https://reader033.fdocuments.net/reader033/viewer/2022051815/603b5d893cc6370c023bf835/html5/thumbnails/25.jpg)
PaymentHow to Submit
25
![Page 26: FWCIGA Assessment Reporting and Remittance Presentation …...+RZ WR 6XEPLW D 4XDUWHUO\ 6XUFKDJH 5HPLWWDQFH ô ... Microsoft PowerPoint - FWCIGA Assessment Reporting and Remittance](https://reader033.fdocuments.net/reader033/viewer/2022051815/603b5d893cc6370c023bf835/html5/thumbnails/26.jpg)
Step 1: Locate Total
Locate payment amount on TOTAL ASSESSMENT SURCHARGE COLLECTED & REMITTED line.
26
![Page 27: FWCIGA Assessment Reporting and Remittance Presentation …...+RZ WR 6XEPLW D 4XDUWHUO\ 6XUFKDJH 5HPLWWDQFH ô ... Microsoft PowerPoint - FWCIGA Assessment Reporting and Remittance](https://reader033.fdocuments.net/reader033/viewer/2022051815/603b5d893cc6370c023bf835/html5/thumbnails/27.jpg)
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
27
![Page 28: FWCIGA Assessment Reporting and Remittance Presentation …...+RZ WR 6XEPLW D 4XDUWHUO\ 6XUFKDJH 5HPLWWDQFH ô ... Microsoft PowerPoint - FWCIGA Assessment Reporting and Remittance](https://reader033.fdocuments.net/reader033/viewer/2022051815/603b5d893cc6370c023bf835/html5/thumbnails/28.jpg)
Annual Reconciliation ProcessLooking Ahead
28
![Page 29: FWCIGA Assessment Reporting and Remittance Presentation …...+RZ WR 6XEPLW D 4XDUWHUO\ 6XUFKDJH 5HPLWWDQFH ô ... Microsoft PowerPoint - FWCIGA Assessment Reporting and Remittance](https://reader033.fdocuments.net/reader033/viewer/2022051815/603b5d893cc6370c023bf835/html5/thumbnails/29.jpg)
2020 2021 2022
Schedule
29
2023
Quarterly
Q1 Q2
Q3 Q4
Annual Annual Annual
![Page 30: FWCIGA Assessment Reporting and Remittance Presentation …...+RZ WR 6XEPLW D 4XDUWHUO\ 6XUFKDJH 5HPLWWDQFH ô ... Microsoft PowerPoint - FWCIGA Assessment Reporting and Remittance](https://reader033.fdocuments.net/reader033/viewer/2022051815/603b5d893cc6370c023bf835/html5/thumbnails/30.jpg)
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.
![Page 31: FWCIGA Assessment Reporting and Remittance Presentation …...+RZ WR 6XEPLW D 4XDUWHUO\ 6XUFKDJH 5HPLWWDQFH ô ... Microsoft PowerPoint - FWCIGA Assessment Reporting and Remittance](https://reader033.fdocuments.net/reader033/viewer/2022051815/603b5d893cc6370c023bf835/html5/thumbnails/31.jpg)
Questions?Submit to the Chat
![Page 32: FWCIGA Assessment Reporting and Remittance Presentation …...+RZ WR 6XEPLW D 4XDUWHUO\ 6XUFKDJH 5HPLWWDQFH ô ... Microsoft PowerPoint - FWCIGA Assessment Reporting and Remittance](https://reader033.fdocuments.net/reader033/viewer/2022051815/603b5d893cc6370c023bf835/html5/thumbnails/32.jpg)
Thank you!