Name That State
Which state has the highest differential?
What is Georgia
In the differential template, how many observed PY AR differentials are displayed?
What is 15
If the selected UPP factor is 4.0%, what is the UPP input that is used in the IRR Model?
What is 3.85%
What data is used to calculate the premium distribution by layer table in the SCA Template?
What is policy data
Name one state that has a separate provision for merit rating.
What is Arkansas, Georgia or Vermont
What premium type is used in the calculation of the differential?
What is DSR Premium
How many years are typically used in NCCI Plan Administration Expenses and why?
What is 10 years in order to smooth out year to year changes and to incorporate the cyclical nature of the underwriting cycle.
How are servicing carriers determined?
What is the bid process
Name one state that has a separate surcharge in the assigned risk market.
What is Alaska, Indiana or New Mexico
Which net premium program is removed from the indicated differential?
What is premium discounts
If the Differential is 1.5, ARAP is 1.08 and there are no premium discounts, what is the impact on net premium?
What is 1.62
In the Differential template, why are SW or Vol on-levels used to on-level AR premium?
What is to ensure comparability of loss ratios
Which state has a separate residual market pool board that selects the assigned risk rates every year in a meeting that usually takes place in September?
What is New Mexico
Name two standard premium programs that get removed in the AR differential calculation.
What is ARAP, AR surcharge or merit rating
What is the calculation called to account for the differences between taxes included in the SCA bid and actual taxes/assessments?
What is the true-up calculation
NCCI took over as the assigned risk plan administrator in Tennessee in 2015. Who was the plan administrator before NCCI?
Who is Aon.
Due to regulatory preference, instead of using the standard MSA methodology, which state uses an explicit premium level adjustment to their loss costs?
What is Nebraska
What additional input gets used in the differential exhibit for rate states that does not apply to loss cost states?
What is the Target Cost Ratio or TCR
If the differential is changing from 1.6 to 1.3 and there is a 5% assigned risk market share, what is the offset needed for voluntary loss costs?
What is 1.009
AES recently created a new table in ARO called the Assigned Risk Programs Table. What exhibit do we use in Aggregate Ratemaking that uses inputs from this table?
What is the inadequacy report