COMMON
REASONS APPLICATIONS ARE DELAYED OR RETURNED
· Outdated or incorrect Application return
ü The current application version is F-6(1-04).
ü Acord produces a Michigan specific application that may be submitted however the universal Acord application is not accepted.
· Illegible return
ü Applications should be typed or printed in black or blue ink.
ü Letters and numbers should be legible.
ü The application should not be of poor copy quality.
· Wrong check return
ü Acceptable checks are Cashiers’ Check, Certified Check, Money Order, Agency Check or Premium Finance Company check.
· No check return
ü Do not send the application without a check.
ü We do not do quotes.
ü If you need assistance with premium calculation contact our Customer Service Department before sending the app.
· Check not made payable to MWCPF return
ü The check must be made payable to Michigan Workers’ Compensation Placement Facility or MWCPF.
ü The check may be endorsed to MWCPF.
· Money Owed to prior Facility carrier return
ü If the insured owes undisputed premium to any assigned risk carrier the application will be returned, unless a valid payment arrangement has been made.
· Outstanding audit with prior Facility carrier return
ü The audit of an expired or cancelled policy must be completed, or scheduled to be done, before coverage can be placed.
ü If the insured has not complied with audit requirements of a prior Assigned Risk carrier the application will be returned.
ü Payment of an estimated audit does not satisfy the requirement.
· Current coverage with another carrier return
ü A copy of the cancellation or lost policy release form is needed.
· Federal Employers ID Number return
ü The FEIN for each entity to be insured must be provided.
ü A social security number is acceptable for a sole proprietor or an LLC or PLLC that is owned 100% by one person.
ü If the FEIN has been applied for a copy of the SS-4 form used to apply will be accepted.
· Insured’s phone number return
ü The insured’s phone number or cell phone number must be provided.
· Section II, questions 2, 3, 4, 5, 6 & 7 must be answered return
ü If you have answered yes to any of the questions additional information must be supplied.
· ERM-14 not submitted return
ü If there is more than one entity on the application.
ü If a name change has occurred.
ü If the business was purchased by the insured.
ü If the owner(s) own a majority interest in any other business.
ü Be sure the ERM includes effective dates of ownership shown and appropriate signatures.
· Officer titles not provided return
ü Acceptable titles are President, Vice President, Secretary, Treasurer, CEO, CFO, COO, or Chairman of the Board.
· Officer or LLC Member payroll not included return
ü Active officers or members who are not excluded must have payroll included for premium computation.
ü Effective 01-01-04 minimum $18,824 – maximum $72,800
ü Effective 01-01-05 minimum $19,344 – maximum $78,000
· Exclusion Forms missing or incomplete return
ü Sole Proprietor – Signature of spouse, parent or child being excluded.
ü Partnership – Signature of partner(s) being excluded.
ü Corporation – Title and signature of officer(s) being excluded. Officers must own at least 10% of the stock to be eligible. The Certified Board Resolution must also be completed and signed.
ü LLC – Signature of each member/manager being excluded. Must be a member and a manager and hold at least 10% interest to be eligible. The Limited Liability Company Consent must also be completed and signed.
· Client list not provided return
ü Employee leasing firms, PEO’s and temporary contractors must furnish a client list.
ü Include a brief job description for each client.
ü If there is not a client contract yet, provide a potential list of clients.
· Payroll verification is needed return
ü If payroll levels on the application differ from the most recent audit or previous policy verification is required.
ü Provide social security form 941, tax form schedule C (both sides), current payroll schedule or MESC report.
· Premium calculation is incorrect or has been amended return
ü If recalculation of premium causes additional deposit premium the application will be returned.
· Inadequate deposit amount return
ü Premium under $1,000 requires 100%
$1,000 - $2,500 requires 50%
Over $2,500 requires 25%
· Employer’s signature return
ü Make sure the application is signed by the employer and their title is provided.
ü If the signer is not a corporate officer, partner, sole proprietor, member or manager of LLC, trustee or legal guardian supply the legal document assigning authority for signature.