BUREAU FILING No. 1304
RESIDUAL MARKET RATE AND VOLUNTARY MARKET LOSS COST FILING
PROPOSED EFFECTIVE DECEMBER 1, 2013

 

Note:  DCRB Filing No. 1304 has been withdrawn and replaced with DCRB Filing No. 1305 also proposed effective December 1, 2013.  Consult DCRB Circular numbers 891 and 892 for further discussion.

 

On September 25, 2013 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. 1304, proposed revisions to residual market rates, voluntary market loss costs, related rating values and Manual rules effective December 1, 2013.

A complete listing of the proposals and supporting information comprising the Bureau’s December 1, 2013 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.)

You must have an installed copy of the Adobe Acrobat Reader in order to view this material. Download the Free Acrobat Reader.

 

Filing Letter
Record of meeting - Actuarial and Classification & Rating Committees, September 18, 2013
Summary of Material for Modification of Experience ("Brown Book")
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 3 - Limited Losses Measures of Goodness of Fit in Trend Calculations Using Severity Ratios
Exhibit 5 Graphs of Ultimate and Trended Experience Components
Exhibit 6 - Limited Losses Retrospective Test of Trend Projections for Severity Ratios
Exhibit 7 Settlement Rates, Payout Ratios and Average Claim Costs
Exhibit 7a Financial Data Settlement Rates
Exhibit 8 Expense Study
Exhibit 9 Internal Rate of Return Model
Exhibit 10 Effect of 7/1/14 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 Empirical Delaware Loss Distribution
Exhibit 17b Excess Loss (Pure Premium) Factors
Exhibit 17c Excess Loss (Pure Premium) Factors with Adjustment for ALAE
Exhibit 17d Excess Loss Premium Factors
Exhibit 17e Excess Loss Premium Factors with Adjustment for ALAE
Exhibit 18 State and 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 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 Calculated Indicated and Selected Indicated Residual Market Rates by Class Code
Exhibit 31b Summary of Calculated Indicated and Selected Indicated Residual Market Rates by Percentage Change
Exhibit 32 NCCI Filing Memorandum R-1405, Expected Loss Ranges
Exhibit 33 Evaluation of Senate Bill 238 of 2012
Exhibit 34 Evaluation of Savings Impact from House Bill 175 of 2013
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 3 - Unlimited Losses Measures of Goodness of Fit in Trend Calculations Using Severity Ratios
Exhibit 6 - Unlimited Losses Retrospective Test of Trend Projections for Severity Ratios
Manual Language: Delaware Construction Classification Premium Adjustment Program - Calendar Quarters for Qualifying Wages
Manual Language Pertaining to Auditable Payrolls
Completed Copies of the Following Property & Casualty Filing Forms:
                   Filing Fee Form
                   State Specific Requirements
                   Property & Casualty Transmittal Document
                   Property & Casualty Rate / Rule Filing Schedule
 
 

 

| Top |