Which of the following is included in the Annual Report for self-insurers?

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Multiple Choice

Which of the following is included in the Annual Report for self-insurers?

Explanation:
The main idea is that the annual report for self-insurers must show the full cost and exposure of the self-insurance program, including what the excess carrier pays. An excess carrier covers losses that exceed the self-insurer’s retention, so reporting excess carrier claims provides a complete picture of total liabilities and the financial backing behind the program. This helps regulators assess the employer’s ongoing ability to meet its workers’ compensation obligations. While fatalities, closed medical-only claims, and vocational rehabilitation cases are important data in claim records, they aren’t the specific item the annual report is designed to highlight. Those items are typically tracked in other claim-level records or internal reports, whereas the annual report consolidates the overall exposure, including amounts paid under excess coverage.

The main idea is that the annual report for self-insurers must show the full cost and exposure of the self-insurance program, including what the excess carrier pays. An excess carrier covers losses that exceed the self-insurer’s retention, so reporting excess carrier claims provides a complete picture of total liabilities and the financial backing behind the program. This helps regulators assess the employer’s ongoing ability to meet its workers’ compensation obligations.

While fatalities, closed medical-only claims, and vocational rehabilitation cases are important data in claim records, they aren’t the specific item the annual report is designed to highlight. Those items are typically tracked in other claim-level records or internal reports, whereas the annual report consolidates the overall exposure, including amounts paid under excess coverage.

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