ERM-14 form process improvement and training dates

The ERM-14 form is more than just ownership, combinability, and entity changes—those are just some of the situations that would require an ERM-14 to be sent to the National Council on Compensation Insurance. To make sure the insured is properly covered, we try to process these changes promptly.

Effective November 1, 2023, we will directly notify the policyholder by letter to help avoid delayed ERM-14 forms and resulting retroactive impact. This change will not remove the agent from the process as the agent will be copied on the correspondence. We hope the change will make it easier for both the agent and the policyholder.

ERM-14 delays significantly impact a policyholder as the combinability and experience ratings can apply retroactively. These impacts can be seen in higher/lower premiums and removal/addition of entities, as well as coverage for new owners. For this reason, it is important that we receive ERM-14s promptly to keep the insured in compliance with the contract and to avoid any perceived evasion of experience.

We invite you to join us for an in-person agent training from 10-11 a.m. on Wednesday, November 8 at SAIF’s Lake Oswego office. This training provides one law continuing education credit for Oregon agents. Register here and view other agent training opportunities at saif.com/trainings.

The training will outline SAIF’s new process and provide education regarding when the ERM-14 form is required and how various circumstances can impact a policyholder.

Unable to attend the in-person training? You can register for a live webinar being held from 9-10 a.m. on Wednesday, November 15.

For additional questions, please contact your underwriter or SAIF’s service center.