<strong>Offices</strong> <strong>of</strong> <strong>the</strong> <strong>Insurance</strong> <strong>Commissioner</strong> - Old Fund Thru July <strong>2009</strong> - Thirteenth Month July <strong>2009</strong> April <strong>2009</strong> May <strong>2009</strong> June <strong>2009</strong> 13th Month Revenue Premium/Repayment Agreement Contribs $ 83,409.03 $ 76,605.68 $ 50,831.52 $ - Personal Income Tax (PIT) * $10,600,000.00 $10,600,000.00 $10,600,000.00 $ - O<strong>the</strong>r Collections/Fees/License & Income ** $ 58,814.83 $ 53,576.51 $86,431,042.51 $ - SI Bankruptcy Recoveries $ 6,263.68 $ 18,905.58 $ 3,366.10 $ - Premium Rec - NCO Collection Agency $ - $ - $ - $ - Revenue Refunds to Employers $ - $ - $ - $ - Sub-Total $10,748,487.54 $10,749,087.77 $ 97,085,240.13 $ - Statutory Transfers *** $ 1,175,712.27 $ 19,525,714.06 $ 47,767,432.13 $ - Investment Earnings $ 15,615,661.51 $ - $ 66,138,315.63 $ - Total $ 27,539,861.32 $ 30,274,801.83 $210,990,987.89 $ - Expenditures Administrative Expense $ - $ - $ - $ - Public Employees <strong>Insurance</strong> $ (8,904.62) $ - $ (8,591.56) $ - Unemployment Compensation $ - $ - $ - $ - Contractual/Pr<strong>of</strong>essional/TPA Services $(1,744,418.92) $ (701,342.50) $ (3,055,957.48) $ 1,722,126.81) Payment <strong>of</strong> Claims (Net Overpay Credits) $(21,418,990.81) $(20,836,112.17) $(20,198,749.92) $ - Total $(23,172,314.35) $(21,537,454.67) $(23,263,298.96) $(1,722,126.81) Total Revenue less Expenditures $ 4,367,546.97 $ 8,737,347.16 $187,727,688.93 $(1,722,126.81) Prior Months Month Ending Cash Balance $ 9,652,935.12 $ 15,604,820.58 $ 5,304,167.74 $124,893,541.04 Investment with WVIMB and WVBTI $ 1,584,338.49 $(19,038,000.00) $(68,138,315.63) $ - Month Ending Cash Balance $ 15,604,820.58 $ 5,304,167.74 $124,893,541.04 $123,171,414.23 Invested with WV Investment Mgmnt Bd $583,800,115.59 $602,838,115.59 $663,976,431.22 $663,976,431.22 Invested with WV Board <strong>of</strong> Treasury Invtmts $ 7,000,000.00 $ 7,000,000.00 Cash + Investments = Total Old Fund Bal $599,404,936.17 $608,142,283.33 $795,869,972.26 $794,147,845.45 Invested Balance with WVIMB $663,976,431.22 as <strong>of</strong> July 31, <strong>2009</strong> - Thirteenth Month Invested Balance with WVBTI $7,000,000.00 as <strong>of</strong> July 31, <strong>2009</strong> - Thirteenth Month * All months include $10.6 Million from Tax & Revenue except July, August and September per SB1004 §11-21-96. **Coal Litigation Collections. July includes an additional principle payment from BrickStreet <strong>Insurance</strong> on <strong>the</strong> Surplus Note <strong>of</strong> $60,000,000.00. June includes principle and interest payments from BrickStreet <strong>Insurance</strong> on <strong>the</strong> Surplus Note <strong>of</strong> $86,377,466.00. *** July and subsequent month amounts are transfers from <strong>the</strong> Debt Reduction Fund per SB1004 §23-2D-5. 32
July 2008 August 2008 September 2008 Claims benefits paid: Medical (4,883,206.16) (4,905,369.69) (4,362,092.06) Permanent Total Disability (12,723,872.70) (12,672,577.98) (12,424,222.30) Permanent Partial Disability (802,231.85) (741,405.83) (812,455.18) Temporary Total Disability (185,260.69) (182,708.11) (224,768.22) Temporary Partial Disability (1,315.62) (882.28) (1,323.42) Settlement Agreements (211,287.05) (234,867.63) (217,812.59) Fatals (2,733,892.39) (2,747,574.65) (2,707,580.12) 104 weeks (674,794.59) (600,536.25) (523,087.07) Non-Awarded Partials 0.00 0.00 0.00 Total (22,215,861.05) (22,085,922.42) (21,273,340.96) Claims credits and overpayments 348,571.37 119,470.88 343,103.69 Total claims paid (21,867,289.68) (21,966,451.54) (20,930,237.27) October 2008 November 2008 December 2008 Claims benefits paid: Medical (4,579,149.55) (3,406,388.12) (4,989,651.78) Permanent Total Disability (12,495,712.18) (12,179,102.29) (12,434,544.11) Permanent Partial Disability (731,499.80) (681,685.60) (777,098.70) Temporary Total Disability (159,056.25) (222,340.23) (196,784.56) Temporary Partial Disability (882.28) (882.28) (882.28) Settlement Agreements (335,468.71) (236,634.42) (244,617.86) Fatals (2,699,898.39) (2,826,301.89) (2,686,266.65) 104 weeks (525,320.16) (473,449.78) (441,434.84) Non-Awarded Partials 0.00 0.00 0.00 Total (21,526,987.32) (20,026,784.61) (21,771,280.78) Claims credits and overpayments 368,847.86 230,250.78 312,400.73 Total claims paid (21,158,139.46) (19,796,533.83) (21,458,880.05) 33
- Page 1 and 2: West Virginia Offices of the Insura
- Page 3 and 4: Executive Summary This report to th
- Page 5 and 6: TABLE OF CONTENTS SECTION 1 GENERAL
- Page 7 and 8: Admitted Assets, Liabilities, Commo
- Page 9 and 10: Organizational Chart Virgil Helton,
- Page 11 and 12: FEES AND TAXES COLLECTED DURING THE
- Page 13 and 14: WEST VIRGINIA OFFICES OF THE INSURA
- Page 15 and 16: APPROPRIATED APPROPRIATED EXPENDITU
- Page 17 and 18: SECTION 2 DIVISIONAL REPORTS 17
- Page 19 and 20: An applicant must be a resident of
- Page 21 and 22: Major Activities in 2009 The Plan
- Page 23 and 24: Agents Licensing and Education Divi
- Page 25: Workers’ Compensation Board of Re
- Page 28 and 29: The focused settlement initiative h
- Page 30 and 31: October 2008 November 2008 December
- Page 34 and 35: January 2009 February 2009 March 20
- Page 36 and 37: Representing Consumers in First and
- Page 38 and 39: FIRST PARTY COMPLAINTS HANDLED BY T
- Page 40 and 41: CERTIFICATE OF NEED - March 2009 FA
- Page 42 and 43: Hospital Rate Review The Office of
- Page 44 and 45: Consumer Service Division The Consu
- Page 46 and 47: CONSUMER SERVICE COMPLAINTS CALENDA
- Page 48 and 49: CONSUMER SERVICE COMPLAINTS CALENDA
- Page 50 and 51: Employer Coverage Unit The Employer
- Page 52 and 53: Financial Accounting Unit The Finan
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- Page 56 and 57: FINANCIAL CONDITIONS DIVISION West
- Page 58 and 59: FINANCIAL CONDITIONS DIVISION West
- Page 60 and 61: WEST VIRGINIA ESSENTIAL PROPERTY IN
- Page 62 and 63: 2009 Summary of West Virginia Opera
- Page 64 and 65: American Retirement Life Insurance
- Page 66 and 67: ADP Totalsource, Inc. d/b/a ADP Tot
- Page 68 and 69: FINANCIAL CONDITIONS DIVISION Merit
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FINANCIAL CONDITIONS DIVISION Risk
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FINANCIAL CONDITIONS DIVISION Risk
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FINANCIAL CONDITIONS DIVISION Risk
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FINANCIAL CONDITIONS DIVISION Risk
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FINANCIAL CONDITIONS DIVISION Risk
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National Health Club Purchasing Gro
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FINANCIAL CONDITIONS DIVISION Risk
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FINANCIAL CONDITIONS DIVISION Risk
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FINANCIAL CONDITIONS DIVISION Risk
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FINANCIAL CONDITIONS DIVISION Name
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FINANCIAL CONDITIONS DIVISION Name
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FINANCIAL CONDITIONS DIVISION Name
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ADA Risk Purchasing Group, Inc. (Am
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FINANCIAL CONDITIONS DIVISION Liqui
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Office of Inspector General—Fraud
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The following chart depicts statist
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James R. Hiroskey Jr., age 25 of Lo
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Ramona Mack, age 40 of Winfield, pl
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Jennifer Jo & Matthew Nichols, ages
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Senate Bill 284 - Relating to Viati
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Senate Bill 537 - Relating to Worke
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Senate Bill 537 -continued §33-2-2
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House Bill 3047 - Clarifying that t
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114 CSR 42 - Continuing Education f
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09-EO-03 - Emergency Order entered
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DISCIPLINARY ACTIONS Individual Ins
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Market Conduct Unit Four (4) “Agr
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Employer Violator System (EVS) The
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MANAGED HEALTH CARE PLANS: The West
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A Client Reporting process was deve
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Non-Workers’ Compensation Matters
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Rates and Forms Division The Rates
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2009 Filings by Product Commercial
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Approved Rate Change History of Top
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Private Passenger Auto Market Share
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2009 West Virginia Market Share Rep
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2009 West Virginia Market Share Rep
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2009 West Virginia Market Share Rep
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2009 West Virginia Market Share Rep
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Total for Top 10 Insurers 76.87% $4
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2009 West Virginia Market Share Rep
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2009 West Virginia Market Share Rep
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2009 West Virginia Market Share Rep
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2009 West Virginia Market Share Rep
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2009 West Virginia Market Share Rep
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2009 West Virginia Market Share Rep
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2009 West Virginia Market Share Rep
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Total for Top 10 Insurers 53.32% $6
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2009 West Virginia Market Share Rep
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Total for Top 10 Insurers 73.12% $5
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2009 West Virginia Market Share Rep
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2009 West Virginia Market Share Rep
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Total for Top 10 Insurers 80.45% $3
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2009 West Virginia Market Share Rep
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2009 West Virginia Market Share Rep
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2009 West Virginia Market Share Rep
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Total for Top 10 Insurers 75.75% $2
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2009 West Virginia Market Share Rep
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2009 West Virginia Market Share Rep
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Total for Top 10 Insurers 58.07% $3
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2009 West Virginia Market Share Rep
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2009 West Virginia Market Share Rep
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2009 West Virginia Market Share Rep
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Total for Top 10 Insurers 87.80% $3
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Admitted Assets, Liabilities, Net W
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Admitted Assets, Liabilities, Commo
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Admitted Assets, Liabilities, Commo
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Admitted Assets, Liabilities, Commo
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Domestic Property Insurers Common P
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Admitted Assets, Liabilities, Commo
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Admitted Assets, Liabilities, Commo
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Admitted Assets, Liabilities, Capit
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Admitted Assets, Liabilities, Capit