Summary
The current Form 850 contains survey questions used by the Division of Risk Management and its insureds the agencies and universities to develop insurance ratings for properties owned or leased by the State, for the purpose of premium development. The proposed Form 850 significantly expands the scope of questions to provide more accurate information for determining premiums and further allows the agencies, universities, and the Division of Risk Management to store such information in an electronic database as opposed to numerous disconnected individual Excel files.