The minimum loss ratio must be at least 60 percent, calculated in a manner which provides for adequate reserving of the long-term care insurance risk. In evaluating the expected loss ratio, the commissioner shall give consideration to all relevant factors, including:

1. (1) statistical credibility of incurred claims experience and earned premiums;
2. (2) the period for which rates are computed to provide coverage;
3. (3) experienced and projected trends;
4. (4) concentration of experience within early policy duration;
5. (5) expected claim fluctuation;
6. (6) experience refunds, adjustments, or dividends;
7. (7) renewability features;
8. (8) all appropriate expense factors;
9. (9) interest;
10. (10) experimental nature of the coverage;
11. (11) policy reserves;
12. (12) mix of business by risk classification; and
13. (13) product features such as long elimination periods, high deductibles, and high maximum limits.