April 1, 2009 Loss Cost Filing
Classifications 809 - Fuel Distribution and
992 - Sanitary Company
By action dated March 30, 2009 the Insurance Commissioner has approved revised loss costs and related rating values for classification codes 809 and 992 effective on a new and renewal basis as of 12:01 a.m., April 1, 2009.
On March 6, 2009 the Insurance Commissioner approved Bureau Filing C-356 as amended March 6, 2009. In Filing C-356, consistent with procedures used in previous such filings, the experience for classifications 809 (Fuel Distribution) and 992 (Sanitary Company) was combined for classification ratemaking purposes. Subsequent to the approval of the amended filing C-356, it came to the Bureau’s attention that an error was made in combining the experience of those two classifications.
Filing C-357 correctly presents the combined experience for classifications 809 and 992, along with loss costs and Table A expected loss rates used in experience rating resulting from that corrected data compilation. The rating value calculations presented in Filing C-357 were otherwise performed on a basis consistent with the indications in the amended and approved Filing C-356. The rating values approved in Filing C-357 replace those previously approved for classifications 809 and 992 as part of Filing C-356.
Copies of the filing material may be printed once the item(s) in question have been accessed.