COMPLINX

CompLinx is a web based Workers Compensation system designed to work with agents and brokers to help depopulate Assigned Risk Plans and State Funds throughout the United States. The system is used by various states to identify if a risk is eligible for a standard market prior to acceptance. CompLinx uses predetermined filters and guidelines from more than 20 standard carriers to verify if each account actually belongs in the market of last resort.

“The Florida Workers’ Compensation Joint Underwriting Association (FWCJUA) becomes populated for a number of reasons. Obviously, there are some employers for which no insurer will offer voluntary market coverage. For those employers, the FWCJUA is the only answer and is therefore, the appropriate answer.”

There are also several unfortunate reasons that cause employers to be placed in the State Funds that might be avoided, such as:

. The producer/agency has inadequate markets or only represents a few insurers and does not have access or knowledge of other markets that will accept the employer.

. The producer/agency is located outside of a state in which an insured is expanding or relocating and their appointed markets are not licensed.

. The producer/agency may have multiple markets but is unsure which markets are willing to accept specific business prospects. Therefore, the producer may “shotgun” the employer’s application to several markets, but miss the insurer that would write the employer. Since insurers change underwriting appetites and consequently their guidelines, it is often difficult for the producer to maintain current underwriting information.

Laura Torrence
Executive Director FWCJUA

CompLinx works with agents and brokers to locate and assist writing coverage for their insureds. In 2007 CompLinx has enhanced the system to auto-populate and/or provide necessary forms and applications for cooperating State Funds. Many agents are utilizing this new feature to reduce their workload and minimize their headaches of dealing with the volumes of paperwork required.

Cennairus is always working with brokers, consultants, and individual risks to deliver products, services and programs in distinct industries. We provide specialized approach combined with expertise and experience to fully address the needs of a particular segment.

CompLinx is working with the FWCJUA as follows:

Keep Out Program
The Keep Out program reduces the number of accounts being processed by the FWCJUA if a market is discovered upon initial application. As agents submit applications to the FWCJUA, they are immediately entered into the CompLinx system by the FWCJUA underwriters to identify possible markets. At this time the basic data is filtered to determine eligibility considering the necessary underwriting data and the proposed surcharge. These accounts are time sensitive due to the fact that the agents typically avoid sending the accounts to the FWCJUA and wait until the last minute to make application.

Take Out Program
The Take Out program is a monthly download of all FWCJUA insureds which fit predetermined guidelines of our participating carriers. The accounts are identified electronically and an email is sent to the agent requesting missing or further underwriting information to accurately review the applicant. We have identified accounts which although appear to be eligible are later determined to be disqualified after further review. Most common factor is excessive subcontract exposure or ineligible operations – example 8017 appears eligible only to discover the insured sells or deals in explosives. Once the account is flagged as ineligible, we will not send further requests for information on the particular insured.

In both scenarios – Keep Out or Take Out, the insured is no longer eligible for coverage with the FWCJUA if we offer a voluntary coverage at a price which is equal to or less than the current FWCJUA pricing. This allows us the ability to bind what we quote without penalty of early cancellation of the existing policy.


www.Complinx.com

Cennairus is always working with brokers, consultants, and individual risks to deliver products, services and programs in distinct industries. We provide a specialized approach combined with expertise and experience to fully address the needs of a particular segment.

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