§ 18-115
101 words·~1 min read·
/md/insurance/18-115A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§18–115.
In evaluating the expected and actual loss ratios, the Commissioner shall consider:
(1)the statistical credibility of incurred claims experience and earned premiums;
(2)the period for which rates are computed to provide coverage;
(3)experienced and projected trends;
(4)the concentration of experience within early policy duration;
(5)expected claim fluctuation;
(6)experienced refunds, adjustments, or dividends;
(7)renewability features;
(8)all appropriate expense factors;
(9)interest;
(10)the experimental nature of the coverage;
(11)policy reserves;
(12)the mix of business by risk classification; and
(13)product features, including long elimination periods, high deductibles, and high maximum limits.