§ 18-115. Evaluating expected and actual loss ratios

   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.

HISTORY: An. Code 1957, art. 48A, § 647.3; 1997, ch. 35, § 2; 2001, ch. 329.