Illinois: Department considers rules on insurance data collection
The rules require each insurer licensed to write workers' compensation coverage in the state to record and report information to the department. The data filings are not to include premiums received from, or losses paid to, other insurers because of the reinsurance assumed by the reporting insurers. Some of the data elements that should be reported include the number of claims opened, the number of claim adjusters employed, the total amount spent on in-house legal services, the total amount paid to outside defense counsel, the total amount billed to employers for bill review, and the total amount paid for independent medical exams. The information will be filed annually with the director of the department by March 1, starting in 2013. For more information, visit www.cyberdriveillinois.com/departments/index/register/register_volume36_issue27.pdf.
Read more at the WorkersComp Forum homepage.
September 17, 2012
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