Mid-Term Endorsements
Waiver Of Rights of Recovery
Common Endorsements
100
Why would our insured want to increase their Employers Liability limits mid-term?
The insured is bidding on a job that requires the higher limit.
100
Agents often refer to Waivers of Our Right to Recovery From Others Endorsements as _________________
What is Waiver of Subrogation
100
What is the WC 0004 03 -Experience rating Modification Endorsement used for ?
It is used when the experience mod has not been promulgated yet for the upcoming policy period
200
Can we increase to the EL limits effective mid-term?
Answer: The higher limits should be back-dated to the inception date.
200
There are 2 types of waivers. Please name them.
What is blanket and specific
200
When is the Anniversary Rating Endorsement used ?
When the effective date of the WC policy is different from the rating date on the experience mod worksheet.
300
Our Insured acquires an existing operation; assuming the operations are acceptable, can we add this mid-term or should we cancel & re-write?
We must cancel & re-write
300
According to IRMI, do all states allow waivers of subrogation on workers compensation?
What is Kentucky and MO
300
Name 1 common reason the Anniversary Rating Date endorsement is used .
When the rest of the account has policy effective dates that differ from the WC
400
On mid-term requests can we back date coverage in all states?
No, This can result in substantial fines. Please refer any such requests to your regional technical consultant.
400
Four additional states do not allow waiver on this particular class of business. Name the type of risk class.
Construction risks
500
What is the most common mid-term request you will receive on a Workers Compensation policy?
Waiver of Our Right To Recover from Others Endorsement
500
When our insured’s customer requests a waiver of subrogation, what are two underwriting considerations that we should evaluate?
What is Does the customer have expertise in the job (is the work within their normal scope of operations)?  Has the insured performed work for the third party in the past?  What is the length of the job?  What is the total job cost/payroll estimated for the job?  What state(s) does the customer operate in and what is the legal environment for waivers in those states?
M
e
n
u