Category: Media

Although no assessment was requested on 2023 premium, the FWCIGA must comply with various reporting requirements and therefore requests that each member complete the 2023 Assessable Premium Data Call remittance form using calendar year 2023 premium information.

The 2023 Assessable Premium Data Call will be distributed this week via DocuSign and should be reviewed, completed, and signed by November 30^th, 2024. A sample of the remittance form that will be distributed via DocuSign is linked below for your reference. Remittance of the document via the DocuSign platform is required. Any additional questions regarding the data call can be directed to (850) 386-9200 or emailed to Assessments@agfgroup.org.

FWCIGA 2023 DATACALL REMITTANCE FORM SAMPLE

12.12.2023 UPDATE: Thanks to all that submitted a response to our Request for Proposal for Investment Services.  We’ve received 17 great proposals, more than anticipated.  The Contract for Services has not been awarded yet. 

Questions from potential responses were submitted according to the instruction in the RFP.   The written questions and responses are linked below:

2023 FWCIGA RFP Questions and Responses

The deadline for submitting RFP proposals was October 20, 2023 [5:00pn EST]. Questions related to the RFP and submission of proposals should be addressed to:

Liz Frisbie, Controller
American Guaranty Fund Group
PO Box 15159
Tallahassee, FL 32317
(850) 523‐1820
lfrisbie@agfgroup.org

Although no assessment was requested on 2022 premium, the FWCIGA must comply with various reporting requirements and therefore requests that each member complete the 2022 Assessable Premium Data Call remittance form, using calendar year 2022 premium information. The data call is also conducted to determine the FWCIGA’s premium base for assessment purposes.

The 2022 Assessable Premium Data Call will be distributed on November 1^st, 2023 via DocuSign and should be reviewed, completed, and signed by November 30^th, 2023.

A sample of the remittance form that will be distributed via DocuSign is below for your reference. Remittance of the document via the DocuSign platform is required. Any additional questions regarding the data call can be directed to (850) 386-9200 or emailed to Assessments@agfgroup.org.

2022 Assessable Premium Data Call Remittance

The Florida Workers’ Compensation Insurance Guaranty Association (FWCIGA) is seeking registered Investment Advisors (as defined and regulated by the Securities and Exchange Commission, “SEC”) interested in serving as an Investment Manager for FWCIGA externally managed funds. FWCIGA is expected to use its externally managed funds to pay policyholder claims in the event of insolvencies.

The objective of this RFP process is to evaluate proposing entities’ capabilities that will enable the FWCIGA to select an investment manager(s) for providing services described herein. The selection of a successful respondent and the execution of an agreement will be accomplished in accordance with Part V of Chapter 631, Florida Statutes, and the FWCIGA Plan of Operation.

The detailed scope of this RFP process is linked below:
2023 FWCIGA RFP for Investment Services

The deadline for submitting written questions regarding the RFP is October 6, 2023 [5:00pn EST]. The deadline for submitting RFP proposals is October 20, 2023 [5:00pn EST].

Questions related to the RFP and submission of proposals should be address to:
Liz Frisbie, Controller
American Guaranty Fund Group
PO Box 15159
Tallahassee, FL 32317
(850) 523‐1820
lfrisbie@agfgroup.org

The Annual Surcharge Reconciliation Affidavit related to the FWCIGA 2020 Assessment has been postponed to May 1, 2023. Member insurers will receive the annual DocuSign form via email on May 1, 2023 with a reporting deadline of May 31, 2023.

This will serve as a true-up of all activity through 12.31.2022 related to policies incepting during the Assessment Year (01.01.2020 – 12.31.2020).

Please forward this important notification to the appropriate parties in your organization. If you have questions or concerns, please contact us at Assessments@AGFGroup.org.

Although no assessment has been requested on the 2021 premium, the FWCIGA must comply with various reporting requirements and therefore requests that each member complete the 2021 Assessable Premium Data Call remittance form, using calendar year 2021 premium information, and submit it via the DocuSign form provided by FWCIGA within thirty (30) days of receipt of form. The data call is conducted to determine the FWCIGA’s premium base for assessment purposes. 

A read-only copy of the remittance form distributed via DocuSign is below for your reference. Remittance of the document via the DocuSign platform is required. The Data Call remittance form should be reviewed, completed, and signed by August 31, 2022. Questions regarding the form can be directed to (850) 386-9200 or https://fwciga.org/contactus/.

2021 Assessable Premium Data Call Remittance

The Florida Workers’ Compensation Insurance Guaranty Association (“FWCIGA”) has decided not to perform an annual data call for the 2020 calendar year since Members already report premium for the same period as part of the Assessment Reporting and Remittance process. If you have any questions, please contact FWCIGA at (850) 386-9200.

Last November, the Florida Workers’ Compensation Insurance Guaranty Association (“FWCIGA”) notified you about its upcoming 2020 annual assessment process.  Pursuant to Section 331.914, Florida Statues, Members are required to file reconciliation reports with FWIGA within 120 days after 2020 assessment year and annually thereafter for three (3) years.  On March 1, 2021, Members received the first Annual Surcharge Reconciliation Affidavit through DocuSign to complete and return to FWCIGA by March 31, 2021. Completing the Affidavit is a simple process, similar to our quarterly filings submitted through DocuSign.  This Affidavit will combine data submitted in prior reports for Members to update policyholder surcharges reported and collected during 2020.

Just a reminder, our Board of Directors and staff continue to monitor FWCIGA’s liquidity and have determined that no additional assessment is needed after the 2020 Assessment Year.  Premiums and adjustments relating to 2020 policies, whether collected or adjusted in 2020 or thereafter, are part of the 2020 assessment process and will require ongoing remittance and reporting.  FWCIGA will continue its quarterly remittance process throughout calendar year 2021 as a convenience to our Members.

If you have any further questions, please do not hesitate to contact us at (866) 909-9200 or send us a comment at https://fwciga.org/contactus/.