RS Overview & UW Guidelines
RS SharePoint & PoMaS
RS Oversight & Due Diligence
RS Agreements
Colleagues
100

The ultimate premium on the program is dependent upon the performance of the underlying program. Over a wide range of outcomes, our compensation is fixed & we are exposed only when the claims performance exceeds expected parameters.

Retrospectively Rated Structure

100

Which 2 folders of the Risk Solutions directory have we migrated to SharePoint?

Active & Pending

100

Name two purposes that the monthly reporting from our administrators serves. 

Data for premium entry to pomas and an update on the programs for performance monitoring. 

100

Often, the first agreement signed with a potential customer. 

Confidential Disclosure Agreement

100

This person on our team collects anime figures

Karl

200

This structure often has a custody account for reserve funds.

Surety Structure

200

Which sub-folder has not been migrated to SharePoint due to functionality limitations and will remain on the X drive?

Reporting

200

Name 4 ways we bulk bill premium for pomas. 

By term, province, product, risk location, earning pattern. 

200

This agreement is used for arrangements with surety style, risk transfer, and retrospectively rated structures. 

Program Adminstration Agreement

200

Making pizza is the favourite thing to make for these two team members. 

Ed & Ross

300

List one condition out of three that may prompt an account to require sub-committee approval

  • Quality of Underwriting information regarding previous experience is weak or non-existent
  • Exceeds $2,500,000 in annual premium
  • A new type of Risk not previously underwritten by the Risk Solutions Department
300

Where can you find active program documents relating to the governance of each program to support our Paperless initiatives?

Program Agreements & Policies & Marketing

300

Who is responsible for overdue premium? 

the principal underwriter for the account

300

This agreement will make reference to 3 tiers of pricing. 

Retrospectively Rated Policy

300

This person was on local news as a child wearing a Canada flag poncho during a rain storm.

Rob

400

When determining whether reserve pricing is adequate, what is one of the most important figures we would look at?

Expected Claims Cost

400

List 2 documents for which original executed copies are required and we cannot accept electronic copies.

General Security Agreements and Letters of Credit

400

What are our three main tools for account oversight?

financial statement analysis, RSASR's, and audits

400

This agreement insures all of the administrator's Warranties. 

CLIP (Contractual Liability Insurance Policy)

400

These two people tie in first place with 10 houseplants each.

Pooja and Cam

500

Who, in the Risk Solutions department, has the authority to approve new programs?

No one.

500

List 5 out of the 7 modules that are readily available to be used in PoMaS II for Risk Solutions department.

Home, Account, Deals, Security, Financials, Write-Ups, Policies.

500

How often will RS audit our administrators? 

The frequency will be determined by the assessed risk level of the administrator, with a minimum of every two years 
500

What are the two tri-party agreements we may enter into? 

Custody Agreement and Reinsurance Security Agreement
500

This person was on TV as a child doing a Taekwondo  demonstration

Eric