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RISK EXPOSURE GATHERING AND REPORTING

Learn about the importance of collecting exposure data for legal compliance and financial accuracy. Access the ORM guidelines for Aviation, Wet Marine, and Property exposure reporting. Contact our experts for efficient risk exposure reporting procedures.

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RISK EXPOSURE GATHERING AND REPORTING

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  1. RISK EXPOSURE GATHERING AND REPORTING www.doa.louisiana.gov/orm

  2. Why Collect Exposure Data ? • Legal ORM Statute - LA R.S. 39:1535 • Financial Ancillary Agency • Informational

  3. Why Collect Exposure Data ? • Agency premiums calculated based on 2 factors: 1. Experience (claims history) 2. Exposure (exposures reported)

  4. Exposure Reporting Help www.doa.la.gov/orm/uwexpman.htm Exposure Reporting Manual

  5. Aviation and Wet Marine Exposure Reporting Contact Dodi Langlois (225) 342-8598

  6. Aviation Exposure Reporting • Current aircraft exposures sent to agencies for review and update. • All additions, deletions, or changes reported back to ORM. • Update any exposure changes. • Calculate pro-rata charge or credit per agency per aircraft.

  7. Wet Marine Exposure Reporting • Current wet marine exposure sent to agencies for review and update. • All additions, deletions, or changes reported to ORM. • Update any exposure changes. • ORM reports changes to commercial carrier. Carrier sends an endorsement to the policy reflecting the change and an invoice with the additional premium or premium credit.

  8. Exposure Report Cover Letter Must be completed and returned even if no changes.

  9. Online Risk Exposure Reporting Contact Don Martin (225) 342-3420

  10. Online Risk Exposure Reporting • Except for Aviation, Wet Marine, Property, and Boiler & Machinery • Reported quarterly online

  11. Online Risk Exposure Reporting • Email notification • ORM homepage= www.doa.louisiana.gov/orm • Left column, Click on “Exposure” • Click on “Exposure Reporting System”

  12. Online Risk Exposure Reporting

  13. Online Risk Exposure Reporting • Two Security Alert pop-up screens will appear, Click “Yes” • Logon screen • Logon ID and Password are the ORM 4-digit location code for your agency

  14. Online Risk Exposure Reporting

  15. Online Risk Exposure Reporting • Click “Connect” • Risk Exposure Report • Previous quarters’ exposures in the left column • Input the data for the current quarter in the blank fields on the right of the screen

  16. Online Risk Exposure Reporting

  17. Online Risk Exposure Reporting • Use “Comments” field for any notes • “Prepared By” field is required • “0” value fields  safeguard pop-up screen • Hit the “OK” button or “Cancel” (to return to any missed fields)

  18. Online Risk Exposure Reporting

  19. Online Risk Exposure Reporting • Screen print • Click the “Update Risk Exposure” button • Update confirmation screen • Multiple locations  “Return to Logon Page”

  20. Online Risk Exposure Reporting

  21. Property Exposure Reporting Contact Amanda Arthur (225) 342-8469

  22. Property Exposure Reporting • Property must be scheduled with ORM to be covered • Property reports mailed bi-annually

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