Underwriting Guidelines

Contract Types

Terminal Liability Option

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Sold Case Requirements

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Required Quotation Information

  • Firm information – company name, industry type (SIC) and headquarters location
  • Census (preferably in Excel) including date of birth, sex and dependent status and employment status: active, disabled, retired or COBRA participation. If there are HMO participants, the same information is needed.
  • Plan document or booklet and HMO schedule of benefits as well when applicable
  • Multi-location groups: number of employees at each location with ZIP codes
  • Large Claim Information - click this link to see the information we require
  • The employer’s contribution level
  • PPO network information
  • Request for Stop Loss Quotation

Please email or fax quote submissions to:

BEST Re
Quote Submissions
Phone: (877) 868-5775 ext. 254
Fax: (949) 222-1004
Email


BEST Re may be able to provide you with a quote if some information is missing. However, the more information we receive the more competitive our quote will be.

Employer Groups Under 200 Employees

Employer Groups Over 200 Employees

Employer groups under 200 employees

Currently Fully-Insured

  • Carrier history for the past three years
  • Premium rates currently in force and renewal rates; this is critical if there is no claims experience available
  • Plan changes for the past three years, please list and give effective dates
  • Average number of employee/single/dependent/family enrollment for the past three years
  • Claims activity (if available) for the past three years
  • Total health premium paid by year for the last three complete years

Currently Self-Insured

  • Carrier history for the past three years
  • Current excess loss rates, deductible levels, factors and contract basis
  • Enrollment and paid claims by month for the past three years. If there are multiple benefits, please provide information broken down by benefit type. Experience should be the most recent available and must be no “older” than three months from the proposed effective date.

Employer groups over 200 employees:

Currently Fully-Insured

  • Carrier history for the past three years
  • Premium rates for the past three years
  • Total health premium paid by year for the past three years
  • Plan changes for the past three years, please list and give effective dates
  • Enrollment and paid claims by month, if possible, for the past three years and within three months of the proposed effective date.
  • Highlight the “Extension of Benefits” provision in the plan document which details coverage provided after the master contract terminates for the totally disabled

Currently Self-Insured

  • Stop loss carrier history for the past three years including TPA history
  • Current TPA, specific deductible, rates, factor(s) and stop loss contract insuring basis and renewal information if available
  • Claims and enrollment data by month for the most current three years. If there are multiple benefits, please provide this information broken down by benefit type.

 


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