Filing No. 1502 December 1, 2015 Rate and Loss Cost Filing

On August 28, 2015, the DCRB submitted a residual market rate and voluntary market loss cost filing to the Delaware Insurance Department. That filing, designated as DCRB filing No. 1502, proposed revisions to residual market rates, voluntary market loss costs, related rating values and Manual rules effective December 1, 2015.

A complete listing of the proposals and supporting information comprising the DCRB’s December 1, 2015 rate and 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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File	Description
Filing Letter
Record of Joint Meeting - Actuarial and Classification & Rating Committees, August 26, 2015
Summary of Material for Modification of Experience ("Brown 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 7/1/16 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
Proposed Manual Language: Delaware Construction Classification Premium Adjustment Program - Calendar Quarters for Qualifying Wages
DCRB Staff Memorandum of July 15, 2015: Proposed Revisions to Auditable Payrolls
DCRB Staff Memorandum of July 27, 2015: Proposed Manual Language Revisions to Sections 1 and 2 (Housekeeping)
DCRB Staff Memorandum of August 7, 2015: Proposed Mergers of Code 287 into Code 924 and of Codes 442 and 443 into Code 445
DCRB Staff Memorandum of August 24, 2015: Proposed Revisions to Appeals Procedure
For informational purposes:
DCRB Memorandum of June 8, 2015 Regarding Evaluation of the Effects of the January 31, 2015 Medical Fee Schedule for Ambulatory Surgery Centers, with attachments
DCRB Memorandum of June 19, 2015 Regarding Evaluation of the Effects of the January 31, 2015 Medical Fee Schedule for Hospital Outpatient Services, with attachments
DCRB Memorandum of June 26, 2015 Regarding Evaluation of the Effects of the January 31, 2015 Medical Fee Schedule for Hospital Inpatient Services, with attachments
DCRB Memorandum of June 30, 2015 Regarding Evaluation of the Effects of the January 31, 2015 Medical Fee Schedule for Professional Services, with attachments
DCRB Memorandum of July 27, 2015 Summarizing the DCRB's Evaluations of the Effects of the January 31, 2015 Medical Fee Schedules, with attachments
Completed Copies of the Following Property & Casualty Filing Forms: - Filing Fee Form - Property & Casualty Transmittal Document - Rate / Rule Filing Schedule

File	Description
Filing Letter
Summary of Material for Modification of Experience ("Brown Book")
Exhibit 12	Indicated Change in Residual Market Rate and Voluntary Market Loss Costs
Exhibit 20	Review of Experience Rating Plan Parameters
Exhibit 27	Manual Rates, Loss Costs and Expected Loss Rates
Exhibit 28	Index and Supporting Classification Exhibits
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
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

File	Description
Index to Classification Exhibits	Review and/or download Index and supporting Classification Exhibits. File can be printed once accessed.
Class Book EXCEL File	Review and/or download the Class Book data in Excel format. The file also contains worksheets showing a record layout of the file, and for viewing or printing individual Class Book pages.
Class Book PDF File	The file can be used to print all selected pages of the Class Book.
Medical-Only Claim Count Supplement to Class Book	Review and/or download Medical-Only Claim Count Supplement to the Class Book in Excel format.
Exposure and Premium Supplement to Class Book	Review and/or download Exposure and Premium Supplement to Class Book in Excel format.

File	Description
Index to Classification Exhibits	Review and/or download Index and supporting Classification Exhibits. File can be printed once accessed.
Class Book EXCEL File	Review and/or download the Class Book data in Excel format. The file also contains worksheets showing a record layout of the file, and for viewing or printing individual Class Book pages.
Class book PDF File	The file can be used to print all selected pages of the Class Book.