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Proposal C-350

April 1, 2006 Loss Cost Filing
 

On December 2, 2005 the Bureau made a loss cost filing with the Pennsylvania Insurance Department. That filing, designated as Proposal C-350, proposed revisions to loss costs, related rating values and Manual rules effective April 1, 2006.

A complete listing of the proposals and supporting information comprising the Bureau’s April 1, 2006 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. Some of the individual items listed below contain many pages. 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.)

Filing Letter
Brown Book
Actuarial and Classification & Rating Committees Minutes
Summary of Responses to Survey of 34 Large Carrier Groups
Discussion of Casualty Actuarial Society's "Statement of Principles Regarding Property and Casualty Loss and Loss Adjustment Expense Reserves"
Index and Supporting Classification Exhibits
Class Book
Exhibit 5 Table I - Summary of Financial Call Data
Exhibit 6 Paid & Incurred Loss Development & Trend
Exhibit 7 Tail Factors for Loss Development
Exhibit 8 Claim Frequencies
Exhibit 9a Measures of Goodness of Fit in Trend Calculations Using Loss Ratios
Exhibit 9b Measures of Goodness of Fit in Trend Calculations Using Severity Ratios
Exhibit 10 Graphs of Indemnity and Medical Loss Ratios
Exhibit 11a Retrospective Test of Trend Projections for Loss Ratios
Exhibit 11b Retrospective Test of Trend Projections for Severity Ratios
Exhibit 12 Indicated Change in Loss Costs
Exhibit 13 Loss Based Assessments and Employer Assessment Factor
Exhibit 14 Pennsylvania Construction Classification Premium Adjustment Program (PCCPAP)
Exhibit 15 Merit Rating Plan Off-Balance Indications
Exhibit 16 Certified Safety Committee Program Offset
Exhibit 17 Loss Cost Formulae
Exhibit 18a Review of Experience Rating Plan Results (Uncapped)
Exhibit 18b Review of Experience Rating Plan Results (Summary Page Only - with Capping)
Exhibit 19 Review of Experience Rating Plan Parameters
Exhibit 20a Table II
Exhibit 20b Table III
Exhibit 20c Table IV
Exhibit 21 Excess Loss (Pure Premium) Factors - NCCI Methodology
Exhibit 22 Empirical Loss Distribution  (revised 12-29-05)
Exhibit 23 Proposed Execc Loss (Pure Premium) Factors
Exhibit 24 State & Hazard Group Relativities
Exhibit 25 Small Deductible - Loss Elimination Ratios
Exhibit 26 Retrospective Development Factors
Exhibit 27 Table B
Exhibit 28 Loss Costs and Expected Loss Factors (revised 1-20-06)
Exhibit 29 Tests of Indicated & Selected Loss Costs
Exhibit 30 Distribution of Loss Cost Percentage Changes
Exhibit 31 Hepatitis C Surcharge
Exhibit 32 NCCI Filing Memorandum R-1395
Exhibit 33 Manual Revisions - Section 6 - Experience Rating Plan
Staff Memorandum of November 3, 2005 - Proposed Revisions to Designated Auditable Payrolls.

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