Proposal C-383 April 1, 2024 Loss Cost Filing
On November 27, 2023, the PCRB submitted a loss cost filing to the Pennsylvania Insurance Department. That filing, designated as Proposal C-383, makes revisions to loss costs and related rating values effective April 1, 2024. This filing also includes revisions to the Designated Auditable Payroll language that, in past years, was done in a separate filing. Please refer to the filing materials for this information.
On January 23, 2024, the Pennsylvania Insurance Department approved Filing C-383 as filed. This filing includes information based on changes to the Experience Rating Plan that were previously approved. Detail information regarding this change can be found in Filing 340.
A complete listing of supporting information comprising the PCRB’s April 1, 2024 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.
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| File | Description |
|---|---|
| Filing Letter | Filing Letter |
| Auditable Payrolls Proposal | Auditable Payrolls Proposal |
| Actuarial Memorandum | Actuarial Memorandum |
| Exhibit 1 | Indicated Change in Loss Costs |
| Exhibit 2 | Policy Year Loss Ratio Summary |
| Exhibit 3 | Premium and Indemnity On-Level Factors |
| Exhibit 4 | Table I - Summary of Financial Call Data |
| Exhibit 5 | Paid and Incurred Loss Development and Trend |
| Exhibit 6 | Loss Development Triangles |
| Exhibit 7 | Tail Factors and Paid Bridge Factors for Loss Development |
| Exhibit 8 | Claim Frequencies |
| Exhibit 10 | Graphs of Indemnity and Medical Loss Ratios |
| 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 | Pennsylvania Certified Safety Committee Program Offset |
| Exhibit 17 | Loss Cost Formulae |
| Exhibit 18 | Review of Experience Rating Plan Results |
| Exhibit 19 | Review of Experience Rating Plan Parameters |
| Exhibit 20a | Table II - Unit Statistical Data |
| Exhibit 20b | Table III - Unit Statistical Data |
| Exhibit 20c | Table IV - Unit Statistical Data |
| Exhibit 22 | Empirical Pennsylvania Loss Distribution |
| Exhibit 23 | Excess Loss (Pure Premium) Factors |
| Exhibit 24 | State and 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 |
| Exhibit 29 | Tests of Indicated and Selected Loss Costs |
| Exhibit 30 | Temporary Staffing Loss Costs |
| Exhibit 31 | Distribution of Loss Cost Percentage Changes |
| Exhibit 32 | Expected Loss Factors for Discontinued Temporary Staffing Classes |
| File | Description |
|---|---|
| Other Supporting 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 or selected pages of the Class Book |
| Medical Only 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 the Class Book in Excel format. |