Prospective loss costs definition

Prospective loss costs means that portion of a rate that does not include provisions for expenses (other than loss adjustment expenses) or profit, and is based on historical aggregate losses and loss adjustment expenses adjusted through development to their ultimate value and projected through trending to a future point in time.

Prospective loss costs means that portion of a rate that does not include

Prospective loss costs means the historical aggregate losses

Examples of Prospective loss costs in a sentence

• Prospective loss costs" means that portion of a rate that does not include provisions for expenses other than loss adjustment expenses, or profit, and are based on historical aggregate losses and loss adjustment expenses adjusted through development to their ultimate value and projected through trending to a future point in time.

• Prospective loss costs filings must be approved by the commissioner before use by any insurer as a reference document.

• The Port Authority respectfully requests a grant of $1,840,000 (80 percent of the estimated project cost) to support the design and environmental analysis of the project.

• Prospective loss costs filings and supplementary rate information filed by rate service organizations shall not contain final rates, minimum premiums, or minimum premium rules.

• For actual struc- tures the design factors in the elastic analysis procedures would bound material and loading uncertainties and provide a margin to account for unknown or unexpected failures.There is an additional requirement for the O’Donnell-Porowski approach that the loading cycle must be anchored in the negligible creep regime.

More Definitions of Prospective loss costs

Prospective loss costs means historical aggregate losses and loss adjustment expenses projected

Prospective loss costs means historical aggregate losses and may include loss adjustment expenses, including all assessments that are loss based, projected through development to their ultimate value and through trending to a future point in time;

Prospective loss costs means that portion of a rate that does not include provisions for expenses (other than loss adjustment expenses) or profit, and are based on historical aggregate losses or output from simulation models and loss adjustment expenses adjusted through development to their ultimate value and projected through trending to a future point in time. Loss costs, derived in part or entirely upon output form simulation models, must be approved by the commissioner before they become effective.

Prospective loss costs means historical aggregate losses and loss adjustment expenses, including all assessments that are loss-based, projected through development to their ultimate value and through trending to a future point in time, ascertained by accepted actuarial standards. Prospective loss costs do not include provisions for profit or expenses other than loss adjustment expenses and assessments that are loss-based.

Prospective loss costs means the same as pure premium rate.

Prospective loss costs means the same as pure premium rate. 787 (11) "Pure premium rate" means that portion of a rate that:

Prospective loss costs means historical aggregate losses