Wis. Admin. Code Office of the Commissioner of Insurance, ch. Ins 3, app 10
LONG-TERM CARE INSURANCE
REPLACEMENT AND LAPSE REPORTING FORM
For the State of ____________________________________________
For the Reporting Year of ________________
Company Name: ______________________________________________
Due: June 30 annually
Company Address: ______________________________________________
Company NAIC Number: ______________
Contact Person: ______________________________________________
Phone Number: (____) _____________
INSTRUCTIONS:
The purpose of this form is to report on a statewide basis information regarding long-term care insurance policy replacements and lapses. Specifically, every insurer shall maintain records for each agent on that agent's amount of long-term care insurance replacement sales as a percent of the agent's total annual sales and the amount of lapses of long-term care insurance policies sold by the agent as a percent of the agent's total annual sales. The tables below should be used to report the ten percent (10%) of the insurer's agents with the greatest percentages of replacements and lapses.
Listing of the 10% of Agents with the Greatest Percentage of Replacements
Agent's Name | Number of Policies Sold By This Agent | Number of Policies Replaced By This Agent | Number of Replacements As % of Number Sold By This Agent |
Listing of the 10% of Agents with the Greatest Percentage of Lapses
Agent's Name | Number of Policies Sold By This Agent | Number of Policies Lapsed By This Agent | Number of Lapses As % of Number Sold By This Agent |
Company Totals
Percentage of Replacement Policies Sold to Total Annual Sales ____%
Percentage of Replacement Policies Sold to Policies In Force (as of the end of the preceding calendar year) ____%
Percentage of Lapsed Policies to Total Annual Sales _____%
Percentage of Lapsed Policies to Policies In Force (as of the end of the preceding calendar year) ____%
Wis. Admin. Code Office of the Commissioner of Insurance, ch. Ins 3, app 10