History
April 1992
When was the group formed?
No minimum required
What is the minimum Premium of new members?
Report Only
What is a claim called that has no dollars associated with it?
Statutory
What accounting method is required by the Division of Insurance?
Fourteen - 9 Class A Members and 5 Class B Members.
What is the minimum number of board members ISCC can have?
A total of 5
How many Class B members are there?
Application and Indemnity Agreement.
What are the required signed forms to join the group?
Total Incurred
What are claims paid and case reserves referred to?
Workers' Compensation Rating Inspection Bureau (WCRIB)
What bureau does the group take it's base rates from?
All board members must be a Massachusetts Resident.
What is a requirement to serve as a board member?
Wellesley College
What ISCC member has been a Class A and Class B Member?
Annual Premium and Endowment Fund Balance
What Determines a member's class assignment?
Incurred But Not Reported
What does IBNR stand for?
A sponsoring association
What is required in order to form a self-insurance group?
Automatically in June and December
How do I get paid my directors fees?
Blue and Gold
What were the old colors of the logo?
Loss Control Services and Education
What is the most utilized benefit of the group?
Return to Work Program
Every three years
How often does the Division of Insurance audit the group?
Completed Registration and Business Ethics/Code of Conduct forms.
What is required from every board member each year?
Nick Bakker
Who was the longest terming President of the group?
Attend one ISCC Sponsored Event or Webinar.
What must a member do to qualify for a grant?
What does Section 31 Benefits Refer to?
Dividends
What requires a two year waiting period before distribution can be made?
A nonprofit corporation that functions as an insurance company. It is owned, controlled and operates for the benefit of its members.
What is a Self Insurance Group?