BUREAU FILING No. 0303
RESIDUAL MARKET RATE AND VOLUNTARY MARKET LOSS COST FILING
PROPOSED EFFECTIVE DECEMBER 1, 2003

On July 28, 2003 the Bureau submitted a residual market rate and voluntary market loss cost filing to the Delaware Insurance Department. That filing, designated as Bureau filing No. 0303, proposed revisions to residual market rates, voluntary market loss costs, related rating values and Manual rules effective December 1, 2003.

A complete listing of the proposals and supporting information comprising the Bureau’s December 1, 2003 loss cost filing appears below. Clicking on each listed item will allow you to review and/or download the filing materials as needed.

Copies of the filing material may be printed once the item(s) in question have been accessed. (Note: In total the filing is quite voluminous. Before printing be sure that you understand the magnitude of the file(s) you will be printing and how your system and equipment will respond to and/or be affected by a print command.)

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	Filing Letter
	Record of meeting - Actuarial and Classification & Rating Committees, July 15, 2003
	Summary of material for modification of experience ("Brown Book")
	Trends In Experience - Questionnaire for Leading Carrier Groups
	Class Book
	Exhibit 1	Table I - Summary of Financial Call Data
	Exhibit 2	Paid and Incurred Loss Development and Trend
	Exhibit 2a	Graphs of Selected Loss Development Projections
	Exhibit 2b	Comparisons of 2002 and 2003 Filing Estimates of Ultimate Loss
	Exhibit 3a	Measures of Goodness of Fit in Trend Calculations Using Loss Ratios
	Exhibit 3b	Measures of Goodness of Fit in Trend Calculations Using Severity Ratios
	Exhibit 5	Graphs of Ultimate and Trended Experience Components
	Exhibit 6a	Retrospective Test of Trend Projections for Loss Ratios
	Exhibit 6b	Retrospective Test of Trend Projections for Severity Ratios
	Exhibit 7	Closure Rates, Payout Ratios and Average Claim Costs
	Exhibit 8	Expense Study
	Exhibit 9	Internal Rate of Return Model
	Exhibit 10	Effect of 7/l/04 Benefit Change
	Exhibit 11	Expense Loading
	Exhibit 12	Indicated Change in Residual Market Rate and Voluntary Market Loss Costs
	Exhibit 13	Experience Rating Plan Performance
	Exhibit 14	Delaware Construction Classification Premium Adjustment Program
	Exhibit 15	Rate and Loss Cost Formulae
	Exhibit 16	Small Deductible Program
	Exhibit 17A	Excess Loss Pure Premium Factors
	Exhibit 17B	Excess Loss Pure Premium Factors with Adjustment for Serious ALAE
	Exhibit 17C	Excess Loss Premium Factors
	Exhibit 17D	Excess Loss Premium Factors with Adjustment for Serious ALAE
	Exhibit 18	State & Hazard Group Relativities
	Exhibit 19	Delaware Insurance Plan
	Exhibit 20	Review of Experience Rating Plan Parameters
	Exhibit 21	Table B
	Exhibit 22A	Table II - Unit Statistical Data
	Exhibit 22B	Table III - Unit Statistical Data
	Exhibit 22C	Table IV - Unit Statistical Data
	Exhibit 23	Claim Frequencies
	Exhibit 24	Retrospective Development Factors
	Exhibit 25	Tax Multiplier
	Exhibit 26	Summary of Indicated and Proposed Residual Market Rates
	Exhibit 27	Manual Rates, Loss Costs and Expected Loss Rates
	Exhibit 28	Index and Supporting Classification Exhibits
	Exhibit 29	Delaware Workplace Safety Program & Merit Rating Program
	Exhibit 30	Distribution of Residual Market Rate Changes
	Exhibit 31A	Summary of Indicated and Proposed Residual Market Rates by Class Code
	Exhibit 31B	Summary of Indicated and Proposed Residual Market Rates by Percentage Change
	DCRB Staff Memorandum of June 6, 2003: Minimum and Maximum Corporate Officer Payrolls

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