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 | |