Survey: Required renewal info for Comp

[stella]

For individually underwritten workers' compensation accounts (non-group, non-program), are there any markets that DO NOT require renewal information like an Acord, updated loss runs and supplemental?

[Elizabeth B]

Not that I know of. Besides, wouldn't you want to find out if their payroll increased so that they don't get hit with a huge additional premium at audit time? You also want to keep a copy of the signed application for your files too.

[Big Dog]

Having worked as a w/c underwriter for over 12 years, we always required updated information.

Hate to say this, but it sounds like an agent that just doesn't want to do the necessary work.

[LadyBroker]

Maybe she is referring to the Renewal carrier only....if there is someone who offers automatic renewal?

[stella]

Thanks for your replies. Makes sense to me. Just wanted to get a broader perspective on this issue. There is disagreement on this issue and I wanted to see what others have experienced. I appreciate your input.