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Agency Schedule Detail

Authorization Number :  855-0996
Agency Series No. :  ASAD 1
Status :  Active
Agency Web Link : 
Agency :  BWC
Confidential Description :   
Division :  BWCFDAD
Vital Description : 
Section :  BWCFDADASAD
Record Title :  Actuarial Rate Reports
Revision :  1
Record Description :  Rate reports and write-ups used to calculate premium rates for Private Employers (PA), Public Employer Taxing Districts (PEC), and Self-Insured Assessment Rates. These reports are created by the actuarial section underwriters documenting the rate process review and the detailed information for the rating process.
Retention Period Retention Justification Media Code Method of Disposal
Retain the machine readable versions of the Actuarial Rate Reports for 25 years. Then destroy the machine readable Actuarial Rate Reports. The electronic information is contained in access databases and excel spreadsheets saved on the I drive. The machine readable information of the Actuarial Rate Reports will be reviewed every 3 years to ensure that the files can still be accessed. ORC 4123.34 states the experience period is the “oldest 4 of the last 5 years.” ORC 4123.34 also states that the administrator can revise rates 5 years after the section. The Actuarial Rate Reports could be used for possible litigation. Electronic Delete
Retain the Actuarial Rate Reports in the Actuarial Unit for 25 years. Then destroy the Actuarial Rate Reports. ORC 4123.34 states the experience period is the oldest 4 of the last 5 years. ORC 4123.34 also states that the administrator can revise rates 5 years after the section. The Actuarial Rate Reports could be used for possible litigation. Paper Recycle

Approvals

Status Name Title Date
Approved Kevin Gartrell Records Coordinator 2/5/2014 2:11:00 PM
Approved Melissa Roach Records Officer 2/6/2014 10:16:00 AM
Approved Bunnie Jones Record Administrator 2/25/2014 3:10:00 PM
Approved Martin Meeks State Auditor 2/28/2014 2:41:00 PM
Approved Fred Previts State Archivist 3/6/2014 9:22:00 AM

Notes

Date Reason User

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