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MWCC Self Insurance Frequently Asked Questions
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Contents:
What are the responsibilities of the Self Insurance
Department?
Who is the Self Insurance Staff?
What are the Self Insurance Requirements?
How do I obtain information regarding the Assigned
Risk Pool in Mississippi?
How do I obtain a list of the self insured companies
and groups?
Does Mississippi have a self insured guaranty
association?
What is the assessment rate for self insured
companies in Mississippi?
What are the responsibilities of the Self
Insurance Department?
The department is responsible for regulating both individual and group self insurers for the
Mississippi Workers' Compensation Commission. The Commission approves rates, establishes
solvency requirements, audits groups, and approves both individual and group self insurers in Mississippi.
Additionally we monitor all self insurers, both group and individual companies, to ensure compliance on
of Commission requirements. Today there are approximately 120 individual companies and 13 groups
operating with Certificates of Authority issued from the Commission.
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Who is the Self Insurance Staff?
Preston Williams, Self Insurance Director 601-987-4207
Julia Kraft, Project Analyst 601-987-4204
Mississippi Workers' Compensation Commission
P. O. Box 5300
Jackson, MS 39296-5300
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What are the requirements for individual self insurance?
An individual entity must fill out the required application (on our website, Commission Forms) and return it
to this department. All applicants will be required to submit a statement of financial condition audited by an
independent certified public accountant. A hearing will be held to determine if an applicant will be approved.
During that hearing the applicant will address such issues as their financial position, business plan, safety programs,
claim handling and other appropriate issues as warranted. Once approved, it is the self insurance entities responsibility
to fulfill all requirements of the Commission. Among these are the annual submission of audited financials, proper security,
excess insurance, safety reports, as well as any other Commission directed material. Every three years all individual
entities (except exempt state agencies) are required to furnish an actuarial report from a qualified actuary revealing their
appropriate reserves, including incurred but not reported (IBNR).
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How do I obtain information regarding the Assigned
Risk Pool in Mississippi?
Applications for insurance coverage should be directed to the National Council on Compensation Insurance (NCCI).
Their toll free number is 800-NCCI-123 ext. 1174, and their website is www.ncci.com
For questions regarding the administration, regulations and general inquires of the pool, please call the pool
administrator directly. The administrator is Mississippi Compensation Insurance Services and their telephone number
is 601-977-9456. Their website is www.msplan.com
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How do I obtain a list of the self insured companies
and group self insurers?
Please send a written request and a $25 check to Julia Kraft or Preston Williams at the address above.
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Does Mississippi have a Self Insured Guaranty
Association?
Yes, there are actually two guaranty associations. One for the groups and a separate one for the individual companies.
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What is the assessment rate for self insured
companies in Mississippi?
The assessment rate for 2011 is 1.55. This year, for the first time since 2005, there was an additional assessement
of the individual self insured companies of Mississippi. The rate for this assessment was 2% and goes into the
Individual Guaranty Fund. The fund only requires an assessment when its balance falls below $1 million, which was the
situation this year.
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