Inc. Self-Insured annual report of losses preparation services
Annually, all self-insured employers in Oregon are required to submit
historical claim loss information to the Department of Consumer and Business
Services (DCBS) to facilitate calculation of Experience Rating Modification
(ERM) factors, security deposits, premium assessments and Retrospective
Rating Plan (RRP) adjustments.
The requirements and format for the Report of Losses (ROL) are published
in Bulletin #209, annually. Proper application of the instructions and
a thorough knowledge of the laws and rules governing preparation of ROL's
results in significant savings for self-insured employers through lower
premiums, ERM's and security deposits.
How does the process work?
If possible, ComPro, Inc. appreciates the opportunity for a brief
introductory meeting during which we discuss how data input and reserving
practices affect the ROL. As well, this provides opportunity to establish
the level of service desired by the client.
Annually, ComPro, Inc. requests basic claim financial data, valued
as of January 1. Many data formats can be accommodated as well as
hard-copy reports, when necessary.
ComPro, Inc. compares current data to prior-year ROL information
to assure completeness and accuracy. Discrepancies are identified,
discussed and remedied, as applicable.
ComPro, Inc. filters the data, in accordance with Bulletin #209,
and prepares the self-insured employer's Report of Losses, personally
delivering the ROL to the Department on the employer's behalf, upon
approval of the self-insurer.
Occasionally, the Department may have questions, or concerns when
auditing the ROL. Therefore, ComPro, Inc. also provides follow-up,
acting as a mediator for Department personnel to contact.
Why have ComPro do your reports?
ComPro, Inc's ROL Preparation Services are personalized. We are
at your service and will work with you and your staff to achieve an
accurate, efficient process for preparing the annual ROL on your behalf.
Because ComPro, Inc. knows correct data output results from appropriate
input, when possible, we provide advice on payment coding and reserving
practices which will help to lower an employer's ERM's and security
ComPro, Inc. maintains contact throughout the ROL preparation process
to obtain necessary information while minimizing distraction of the
employer and/or TPA from their all-important claim processing duties.
ComPro, Inc. scrutinizes claim data, documents discrepancies, corrects
errors/omissions and assures loss valuations are as low as possible.
ComPro, Inc. has an established reputation with the DCBS for preparation
of accurate and professional ROL's.
Because ComPro, Inc. also follows-up by fielding questions from
the Department, submission of ROL's is nearly hassle-free for the
self-insured employer/TPA and staff is freed to concentrate on the
duties of claims administration.
How much does it cost?
ComPro, Inc. is currently offering this service for a flat fee of $450.00
per account. To sign up and/or talk about the details, give us a call
at 503-485-2344 or e-mail email@example.com.
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