[Icoord] FW: FY2017 INSURANCE RENEWAL PROCESS (BOND/CRIME, MAJOR PROPERTY, OPTIONAL INLAND MARINE AND OPTIONAL AUTO PHYSICAL DAMAGE)
Joan Compton
Joan.Compton at adm.idaho.gov
Mon May 23 10:52:37 MDT 2016
Good morning,
Per my email of 3-14-16 (shown below), this is just a friendly reminder to submit your agency's RMIS July renewal data (Property, Auto, Inland Marine & Bond/Crime) by June 1, 2016.
Thank you to those who have already complied.
Please feel free to call me if you have questions or need assistance.
Joan Compton, Risk Management Analyst
State of Idaho
Idaho Department of Administration
Risk Management Program
650 W. State Street, P.O. Box 83720
Boise, Idaho 83720-0079
208-332-1872
208-334-5315 Fax
joan.compton at adm.idaho.gov<mailto:joan.compton at adm.idaho.gov>
Work hours: 7:30am to 4:30pm
Confidentiality Statement: This electronic message contains information from the Risk Management Program of the State of Idaho, Department of Administration, and is confidential or privileged. This information is intended solely for the use of individual(s) or entity(ies) named above. If you have received this e-mail in error, please notify us immediately by telephone at 208-332-1872, or by e-mail reply and then immediately delete the message. Thank you.
From: Joan Compton
Sent: Monday, March 14, 2016 11:44 AM
To: Joan Compton <Joan.Compton at adm.idaho.gov>
Cc: Kristie Fields <Kristie.Fields at adm.idaho.gov>; Faith Cox <Faith.Cox at adm.idaho.gov>
Subject: FY2017 INSURANCE RENEWAL PROCESS (BOND/CRIME, MAJOR PROPERTY, OPTIONAL INLAND MARINE AND OPTIONAL AUTO PHYSICAL DAMAGE)
Good morning all agency Insurance Coordinators,
It's that time of year to update your agency's RMIS insurance data for the upcoming FY2017 ( July 1, 2016 to July 1, 2017) insurance renewal process for Property, Optional Inland Marine, Optional Auto Physical Damage and Employee Bond & Crime.
Please review the four attached applicable cover letters for additional Renewal Instructions. You'll need to check your RMIS data and determine whether it is accurate as is, or needs to be modified.
Your agency's FY2016 Major Property values in RMIS have been increased by Risk Management to reflect current replacement cost for FY2017 by applying the following annual inflation factors:
* 2.50% to buildings
* 1.50% to contents and stock/supplies. Mobile equipment values were not inflated since they are reported as ACV "actual cash value".
Additionally, a few agencies request Business Interruption or Loss of Rents coverage. If you are one of these agencies, please review the RMIS FY2017 data to determine if the figures are adequate or need to be updated for your applicable building locations.
Here are the dates you'll need to remember for updates to RMIS:
1. BOND & CRIME
a. STARTING NOW - Enter your employee numbers (Class A & B) into RMIS. Be sure to select the FY2017 drop down on the Bond/Crime data input screen in RMIS.
b. BEFORE JUNE 1
i. Updates must be complete in RMIS by all agencies.
ii. After your annual update, click "SEND TO RISK MANAGEMENT" button shown on the RMIS Bond & Crime input screen to conclude the renewal process.
1. MAJOR PROPERTY
a. STARTING NOW - continue all data additions, deletions and/or modifications to major Property in RMIS. Be sure to select the FY2017 drop down on the Major Property data input screen.
b. MAY 1 - Risk Management will generate a statewide property data report from RMIS and send to the insurance carrier to start the renewal process. Risk Management requests all agencies to have the majority of their property value changes to be completed in RMIS by May 1.
c. BEFORE JUNE 1 - All FINAL property data changes must be complete in RMIS by all agencies. After your agency has finalized data values in RMIS, Click "SEND TO RISK MANAGEMENT" button shown on the RMIS Property input screen to conclude the renewal process.
d. On JUNE 1 -Risk Management will generate a second statewide property data report from RMIS and send to the insurance carrier as final "true up" of all statewide values. This June 1, 2016 report will be utilized to determine each agency's final FY2017 property premium.
1. OPTIONAL AUTO PHYSICAL DAMAGE
a. STARTING NOW - Make all additions, deletions and/or modifications to auto data in RMIS. Be sure to select the FY2017 drop down on the Major Auto data input screen.
b. BEFORE JUNE 1
i. All automobile data changes must be finalized by agencies in RMIS.
ii. After your agency has finalized auto data changes in RMIS, Click "SEND TO RISK MANAGEMENT" button shown on the RMIS Auto input screen to conclude the renewal process.
1. OPTIONAL INLAND MARINE
a. STARTING NOW - Make all data additions, deletions, and/or modifications to Inland Marine data in RMIS. Be sure to select the FY2017 drop down on the Inland marine data input screen.
b. BEFORE JUNE 1
i. All Inland Marine data changes must be finalized by agencies in RMIS.
ii. After your agency has finalized Inland Marine changes in RMIS, Click "SEND TO RISK MANAGEMENT" button shown on the RMIS Inland Marine data input screen to conclude the renewal process.
1. If you are one of those agencies that do not participate in either the optional auto physical damage or inland marine programs, simply enter into each of the RMIS screens, click the Fiscal Year drop down selecting the "FY2017 coverage year", then click the "GET ALL" button, then click the "NA" button and finally click the "SEND TO RISK MANAGEMENT" button which concludes the process.
Please feel free to call me (332-1872) or Kristie Fields (332-1869) if you have questions.
We appreciate you taking the time to make sure your data is complete and timely.
Thank you!
Joan Compton, Risk Management Analyst
State of Idaho
Idaho Department of Administration
Risk Management Program
650 W. State Street, P.O. Box 83720
Boise, Idaho 83720-0079
208-332-1872
208-334-5315 Fax
joan.compton at adm.idaho.gov<mailto:joan.compton at adm.idaho.gov>
Work hours: 7:30am to 4:30pm
Confidentiality Statement: This electronic message contains information from the Risk Management Program of the State of Idaho, Department of Administration, and is confidential or privileged. This information is intended solely for the use of individual(s) or entity(ies) named above. If you have received this e-mail in error, please notify us immediately by telephone at 208-332-1872, or by e-mail reply and then immediately delete the message. Thank you.
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