Rate filings for small and large employer group stop loss insurance shall include the following:
- (a) The specific formulas and assumptions used in calculating gross premiums, including any changes in assumptions or formulas made since the last filing;
- (b) The expected claims costs;
- (c) Identification of morbidity and mortality tables or experience studies used and sufficient explanation for evaluation of their validity, including copies of such tables if they are not currently published;
- (d) The range of commission rates and other fees payable to producers or other persons except regularly salaried employees, stated separately for new and renewal business;
- (e) The expected loss ratio by policy duration;
- (f) The anticipated loss ratio calculated over the anticipated lifetime of the block of business, or 20 years, whichever is shorter;
- (g) Methods and assumptions used for making projections, including any changes in methods or assumptions made since the last filing; and
- (h) Actual rates, or rating factors.
Source. #9690, eff 4-9-10; ss by #9938, eff 6-10-11; ss by #12799, eff 6-10-19