BUREAU FILING No. 0404
RESIDUAL MARKET RATE AND VOLUNTARY MARKET LOSS COST FILING
PROPOSED EFFECTIVE DECEMBER 1, 2004

 

On August 31, 2004 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. 0404, proposed revisions to residual market rates, voluntary market loss costs, related rating values and Manual rules effective December 1, 2004.

A complete listing of the proposals and supporting information comprising the Bureau’s December 1, 2004 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, August 17, 2004
Summary of Material for Modification of Experience ("Brown Book")
Trends In Experience - Questionnaire for Leading Carrier Groups
Class Book
Exhibit 1 - Limited Losses Table I - Summary of Financial Call Data
Exhibit 1A Excess Loss Factor and Policy Year Loss Limitations
Exhibit 1B Reported Losses in Excess of Loss Limitations
Exhibit 2 - Limited Losses Paid and Incurred Loss Development and Trend
Exhibit 2A - Limited Losses Graphs of Selected Loss Development Projections
Exhibit 2B Comparisons of 2003 and 2004 Filing Estimates of Ultimate Loss
Exhibit 3B - Limited Losses Measures of Goodness of Fit in Trend Calculations Using Severity Ratios
Exhibit 5 Graphs of Ultimate and Trended Experience Components
Exhibit 6B - Limited Losses 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/05 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 DCCPAP
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
Exhibit 32 NCCI Filing Memorandum R-1385
Exhibit 1 - Unlimited Losses Table I - Summary of Financial Call Data
Exhibit 2 - Unlimited Losses Paid and Incurred Loss Development and Trend
Exhibit 2A - Unlimited Losses Graphs of Selected Loss Development Projections
Exhibit 3B - Unlimited Losses Measures of Goodness of Fit in Trend Calculations Using Severity Ratios
Exhibit 6B - Unlimited Losses Retrospective Test of Trend Projections for Severity Ratios
DCRB Staff Memorandum of May 24, 2004: Executive Officers Exclusion Agreement
DCRB Staff Memorandum of June 9, 2004: Corporate Officer Weekly Minimum and Maximum Payrolls
DCRB Staff Memorandum of July 23, 2004: Manual Revisions to Section 1
DCRB Staff Memorandum of August 4, 2004: Notification Endorsement of Pending Law Change to Terrorism Insurance Act - WC 00 01 12
DCRB Staff Memorandum of August 5, 2004: Manual Revisions to Section 2 - Subclassification
DCRB Staff Memorandum of August 5, 2004: Employers Liability Coverage Endorsement WC 00 03 03 B and Federal Employers Liability Act Coverage - WC 01 01 04

 

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