Page History

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Minutes

• Anti-Trust Policy notice reviewed
• Agenda Reviewed
• Premium Fields/Model
  • Property Damage Limit name change agreed to
  • Attributes for policy, driver, vehicle, coverages placed up for approval vote
    • Day 1 requirements
    • Votes need counting by regulators and by insurance carriers. The majority of each must pass
      • Carriers vote: recorded on Wiki
      • Government vote: recorded on Wiki
      • Unanimously approved by all
    • Claim Modeling
      • Day 1/Day 2, Timelines
        • Trav, Dale Harris: Submit through Reg Reporting openIDL before all the other stuff
        • SDMA validations issue?
        • Day 2 timeline is premature
      • Satisfy special needs first then needs of regulator come second.
        • Stat reporting contracts (Day 1)
          • AU (auto policies)
          • Susan: Will regulators need a contract?
          • Discussion of what Day 1 looks like
        • Ad hoc contracts (Day 2)
      • Claim elements discussed
        • Discussed removing Claim Identifier
          • It can be derived
        • Eric of VA: VA rejects buckets of “other” very quickly
        • Stat reporting traditionally based on ACTUAL premiums and actual paid losses
        • Coverage Claimed Amount as Day 2 or Day 3
        • Finished review of claim elements
      • Next Steps
        • Valid values and validations
        • Sample Data
      • Expected Values discussed
        • Claim
          • Date formats – Consistent to policy date rules
            • Minutes/seconds needed?
            • Most carriers don’t have
            • Would be valuable for telematics, or possible with telematics
          • ISO standard (iso.org) includes a date only (no time) date standard. Recommend this standard over the combo date/time standard
        • Policy
          • Some policy items reviewed, proposed revisions will need a vote on an amendment/change from the first vote.

Action items 

•  Review auto stat plan for any enumerations of the cause of loss for auto claims
•  Peter – Determine versioning

Recording

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