Exceptional increase definition

Exceptional increase means only those increases filed by an insurer as exceptional for which the Commissioner determines the need for the premium rate increase is justified:

Exceptional increase means an increase in premium by an insurer that the commissioner determines is justified under any of the following circumstances:

Exceptional increase means only those increases filed by an insurer as exceptional for which the commissioner determines that the need for the premium rate increase is justified due to changes in laws or regulations applicable to long-term care coverage in this state or due to increased and unexpected utilization that affects the majority of insurers of similar products. Except as provided in rule 191—39.28(514G), exceptional increases are subject to the same requirements as other premium rate schedule increases.

Examples of Exceptional increase in a sentence

• No deduction is allowed with respect to a rollover contribution (the tax free transfer of retirement funds from one retirement plan to another).If you employer has adopted a Simplified Employer Pension (SEP) plan, your employer may make a SEP contribution on your behalf into this SEP IRA up to the lesser of a) 25% of your compensation ($285,000 maximum for 2020) or b) $57,000 for 2020.

• Exceptional increase in the generation and availability of clinical and neuroimaging data sets has forced the advancements in data processing infrastructures and analysis applications.

• Commented [TD6]:Comment from Utah (Tomasz Serbinowski): Definition of the "Exceptional increase" incorporates requirements (goes beyond defining the term).

• Exceptional increase means only those increases filed by a carrier as exceptional for which the commissioner determines the need for the premium rate increase is justified:I.

• Note 6: Exceptional increase in employee cost on account of pay revision etc.

More Definitions of Exceptional increase

Exceptional increase means only those rate increases that an insurer has filed as exceptional and that the Director determines the need for the premium rate increase is justified due to changes in laws or regulations applicable to long-term care coverage in this state; or due to increased and unexpected utilization that affects the majority of insurers of similar products.

Exceptional increase means only those increases filed by an insurer as exceptional for which the commissioner determines the need for the premium rate increase is justified due to changes in laws or regulations applicable to long-term care coverage in this state or due to increased and unexpected utilization that affects the majority of insurers of similar products.

Exceptional increase means only those increases filed by an insurer as exceptional for which the Commissioner determines the need for the premium rate increase is justified:• Due to changes in laws or regulations applicable to long-term care coverage in this state; or• Due to increased and unexpected utilization that affects the majority of insurers of similar products.• Except as provided in Section 20, exceptional increases are subject to the same requirements as other premium rate schedule increases.• The Commissioner may request a review by an independent actuary or a professional actuarial body of the basis for a request that an increase be considered an exceptional increase.• The Commissioner, in determining that the necessary basis for an exceptional increase exists, shall also determine any potential offsets to higher claims costs.

Exceptional increase in premiums means a rate increase the insurer designates as exceptional, and that the superintendent determines is justified because it arises from any of the following causes:

Exceptional increase means a premium rate increase filed by an insurer as exceptional, which the commissioner determines is necessary and justified due to:

Exceptional increase means only those increases filed by the issuer as exceptional for which the commissioner determines the need for the premium rate increase is justified due to changes in laws or regulations applicable to long-term care coverage in this state; or due to increased and unex- pected utilization that affects the majority of issuers of simi- lar products. Except as provided in WAC 284-83-090, excep- tional increases are subject to the same requirements as other premium rate schedule increases. The commissioner may request a review by an independent actuary or a professional actuarial body of the basis for a request that an increase be considered an exceptional increase. The commissioner, in

Exceptional increase means only those increases filed by an insurer as exceptional for which the Office of Insurance Regulation determines the need for the premium rate increase is justified: