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Proof of Coverage Service Workers compensation insurers are required to submit Proof of Coverage reports to state industrial accident boards to verify that the businesses they insure maintain adequate workers compensation coverage for their employees. ISO’s Proof of Coverage service helps workers compensation insurers better manage these policy information reporting requirements. This service enables insurers to electronically submit proof of coverage reports to those state industrial accident boards that accept electronic submissions.
Although requirements vary by state, Proof of Coverage reports generally must be submitted when workers compensation policies are issued, renewed, modified, canceled or reinstated. Insurers that operate in states that allow electronic submissions, and who seek efficiencies and economies of scale by outsourcing data reporting functions, will benefit from this new ISOnet service.
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