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§ 18-115. Evaluating expected and actual loss ratios

MD Ins Code § 18-115 (2019) (N/A)
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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.

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