DCRB FILING No. 1603
RESIDUAL MARKET RATE AND VOLUNTARY MARKET LOSS COST FILING
PROPOSED EFFECTIVE DECEMBER 1, 2016

On August 2, 2016, the DCRB submitted a residual market rate and voluntary market loss cost filing to the Delaware Department of Insurance. That filing, designated as DCRB Filing No. 1603, proposed revisions to residual market rates, voluntary market loss costs and related rating values effective December 1, 2016.

Subsequently, the DCRB amended the filing based on an agreement with the Delaware Ratepayer Advocate and the Department of Insurance.  The amended filing was approved on October 14, 2016.

A complete list of the proposals and supporting information contained in both the DCRB’s original December 1, 2016 rate and loss cost filing, as well as the amended filing, appears below. Clicking on each listed item will allow you to review and/or download the filing materials as needed.

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

	Filing Letter
	Actuarial Memorandum
	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 Ratios and Loss Limitations
	Exhibit 1b	Table I  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	Open Claim Ratios, Payout Ratios and Average Claim Costs
	Exhibit 7a	Financial Data Open Claim Ratios
	Exhibit 8	Expense Study
	Exhibit 9	Internal Rate of Return Model
	Exhibit 10	Effect of 7/1/17 Benefit Change
	Exhibit 11	Expense Loading
	Exhibit 12	Indicated Residual Market Rate Change
	Exhibit 13	Experience Rating Plan
	Exhibit 14	Delaware Construction Classification Premium Adjustment Program
	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 Adjusted to Include ALAE
	Exhibit 17d	Excess Loss Premium Factors
	Exhibit 17e	Excess Loss Premium Factors Adjusted to Include 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 to Classification Exhibits
	Exhibit 29	Delaware Workplace Safety Program & Merit Rating Program
	Exhibit 30	Distribution of Residual Market Rate Changes and Classifications with Proposed Capped 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 33	Evaluation of Senate Bill 238 of 2012
	Exhibit 34	Evaluation of House Bill 175 of 2013
	Exhibit 35	Evaluation of House Bill 373 of 2014
	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
	Record of Meeting - Actuarial Committee, July 26, 2016
	Completed Copies of the Following Property & Casualty Filing Forms:                    State-Specific Requirements                    Property & Casualty Transmittal Document                    Rate / Rule Filing Schedule
Filing No. 1603 - Amendment of October 12, 2016
	Filing Letter
	Summary of Material for Modification of Experience ("Brown Book")
	Class Book
	Exhibit 12	Indicated Residual Market Rate Change
	Exhibit 20	Review of Experience Rating Plan Parameters
	Exhibit 27	Manual Rates, Loss Costs and Expected Loss Rates
	Exhibit 28	Index to Classification Exhibits
	Exhibit 30	Distribution of Residual Market Rate Changes and Classifications with Proposed Capped 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
	Completed Copies of the Following Property & Casualty Filing Forms:                    State-Specific Requirements                    Property & Casualty Transmittal Document                    Rate / Rule Filing Schedule

| Top |