Actuarial Services: Personal information banks

Accident cost statements and cost & frequency reports

Title Accident Cost Statements and Cost & Frequency Reports

Type

Personal Information Bank

Description

Accident Cost Statements contain a list of an employer’s claims and claim costs paid out on a claim. Cost & Frequency Reports contain claim cost details and injury frequency details for a specific firm.

Division

Actuarial Services

Legal Authority

Workplace Safety and Insurance Act, 1997. S.O. 1997, c. 16, Sched. A

Uses

To monitor employer’s costs of a specific claim and to calculate the amount of the employer’s experience rating adjustment.

Users

Actuarial Services staff

Individuals in Bank

Employers and injured workers

Retention and disposal

Onsite – CCY+10 years (for microfiche). Paper records are destroyed after microfiched
Offsite – 40 years
Destroy