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Filing at a GlanceCompany: NCCI IncProduct Name: Missouri Advisory Loss Costs and Rating Values Filing Proposed Effective January 1, 2020State: MissouriTOI: 16.0 Workers CompensationSub-TOI: 16.0004 Standard WCFiling Type: RateDate Submitted: 08/13/2019SERFF Tr Num: NCCI-132044956SERFF Status: Closed-REVIEWEDState Tr Num: 112State Status: REVIEWEDCo Tr Num: MISSOURI LC 01012020
Effective DateRequested (New):
01/01/2020
Effective DateRequested (Renewal):
01/01/2020
Author(s): Lesley O'Brien, Frank Gnolfo, Kevin Ott, Whitney QuaileyReviewer(s): Patrick Lennon (primary), Julie LedererDisposition Date: 10/30/2019Disposition Status: REVIEWEDEffective Date (New): 01/01/2020Effective Date (Renewal): 01/01/2020
State Filing Description:
SERFF Tracking #: NCCI-132044956 State Tracking #: 112 Company Tracking #: MISSOURI LC 01012020
State: Missouri Filing Company: NCCI IncTOI/Sub-TOI: 16.0 Workers Compensation/16.0004 Standard WCProduct Name: Missouri Advisory Loss Costs and Rating Values Filing Proposed Effective January 1, 2020Project Name/Number: /
PDF Pipeline for SERFF Tracking Number NCCI-132044956 Generated 11/01/2019 07:42 AM
General Information
Company and Contact
Filing Fees
State Specific
Project Name: Status of Filing in Domicile:Project Number: Domicile Status Comments:Reference Organization: Reference Number:Reference Title: Advisory Org. Circular:Filing Status Changed: 10/30/2019State Status Changed: 10/30/2019 Deemer Date:Created By: Frank Gnolfo Submitted By: Frank GnolfoCorresponding Filing Tracking Number:State TOI: 16.0 Workers Compensation State Sub-TOI: 16.0004 Standard WC
Filing Description:Enclosed are the NCCI Missouri Advisory Loss Costs and Rating Values Filing Proposed Effective January 1, 2020.
Filing Contact InformationCarla Townsend, State Relations Executive [email protected] Peninsula Corporate CircleBoca Raton, FL 33487-1362
561-893-3819 [Phone]561-893-5779 [FAX]
Filing Company InformationNCCI Inc901 Peninsula Corporate CircleBoca Raton, FL 33487(561) 893-3186 ext. [Phone]
CoCode:Group Code:Group Name:FEIN Number: 65-0439698
State of Domicile: FloridaCompany Type:State ID Number: 9999-8500
Fee Required? Yes
Fee Amount: $150.00
Retaliatory? No
Fee Explanation:Per Company: Yes
Company Amount Date Processed Transaction #NCCI Inc $150.00 08/13/2019 164078933
Check Number Check Amount Check Date$0.00
NAIC Number: NAHave you reviewed the General Instructions document? (yes/no)(General Instructions updated 06/16/2017): YesIf this is a rate filing, was rate data added on the rate/rule schedule? (yes/no): YesAre you paying the $150 per company per submission filing fee electronically using EFT? The utilization of SERFF and EFTfor filings of papers, documents, and reports is now required, per 20 CSR 100-1.900.: Yes
SERFF Tracking #: NCCI-132044956 State Tracking #: 112 Company Tracking #: MISSOURI LC 01012020
State: Missouri Filing Company: NCCI IncTOI/Sub-TOI: 16.0 Workers Compensation/16.0004 Standard WCProduct Name: Missouri Advisory Loss Costs and Rating Values Filing Proposed Effective January 1, 2020Project Name/Number: /
PDF Pipeline for SERFF Tracking Number NCCI-132044956 Generated 11/01/2019 07:42 AM
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© Copyright 201 National Council on Compensation Insurance, Inc. All Rights Reserved.
Missouri
Advisory Loss Costs andRating Values Filing
Proposed Effective January 1, 2020
o
o
o
o
o
o
o
o
o
o
© Copyright 201 National Council on Compensation Insurance, Inc. All Rights Reserved.
© Copyright 201 National Council on Compensation Insurance, Inc. All Rights Reserved.
© Copyright 201 National Council on Compensation Insurance, Inc. All Rights Reserved.
© Copyright 201 National Council on Compensation Insurance, Inc. All Rights Reserved.
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© Copyright 201 National Council on Compensation Insurance, Inc. All Rights Reserved. Page 24 of 103
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oo
© Copyright 201 National Council on Compensation Insurance, Inc. All Rights Reserved. Page 25 of 103
Effective January 1, 2020
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Effective January 1, 2020
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Effective January 1, 2020
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Effective January 1, 2020
Basic Manual
Page 30 of 103
Effective January 1, 2020
Basic Manual
Basic Manual
Basic Manual
Experience Rating Plan Manual
Basic Manual
Page 31 of 103
© Copyright 201 National Council on Compensation Insurance, Inc. All Rights Reserved. Page 32 of 103
Effective January 1, 2020
Experience Rating Program - ERA
(Multiply a Non-F classification ELR by the USL&HW Act - Expected Loss Factor of 1.75.)
Page 33 of 103
Effective January 1, 2020
Experience Rating Plan - ERA
Page 34 of 103
Refer to Rule 2-E-1 to determine a risk's experience period.
Refer to Rule 2-A-3 to determine average annual subject premium.
Refer to Rule 2-B for rating effective date determination.
Experience Rating Plan Manual
Page 35 of 103
© Copyright 201 National Council on Compensation Insurance, Inc. All Rights Reserved. Page 36 of 103
Effective January 1, 2020
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Effective January 1, 2020
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© Copyright 201 National Council on Compensation Insurance, Inc. All Rights Reserved. Page 39 of 103
© Copyright 201 National Council on Compensation Insurance, Inc. All Rights Reserved. Page 40 of 103
Section A - Policy Year 2017 Experience
Premium:
(1) Standard Earned Premium Developed to Ultimate (Appendix A-II) $657,186,308(2) Premium On-level Factor (Appendix A-I) 0.776(3) Pure Premium Available for Benefit Costs = (1) x (2) $509,976,575
Indemnity Benefit Cost:
(4) Limited Indemnity Losses Developed to Ultimate (Appendix A-II) $214,801,026(5) Indemnity Loss On-level Factor (Appendix A-I) 1.000(6) Adjusted Limited Indemnity Losses = (4) x (5) $214,801,026(7) Adjusted Limited Indemnity Cost Ratio excluding Trend and Benefits = (6) / (3) 0.421(8) Factor to Reflect Indemnity Trend (Appendix A-III) 0.941(9) Projected Limited Indemnity Cost Ratio = (7) x (8) 0.396(10) Factor to Adjust Indemnity Cost Ratio to an Unlimited Basis (Appendix A-II) 1.011(11) Projected Indemnity Cost Ratio = (9) x (10) 0.400(12) Factor to Reflect Proposed Changes in Indemnity Benefits (Appendix C) 1.000(13) Projected Indemnity Cost Ratio including Benefit Changes = (11) x (12) 0.400
Medical Benefit Cost:
(14) Limited Medical Losses Developed to Ultimate (Appendix A-II) $310,955,874(15) Medical Loss On-level Factor (Appendix A-I) 1.000(16) Adjusted Limited Medical Losses = (14) x (15) $310,955,874(17) Adjusted Limited Medical Cost Ratio excluding Trend and Benefits = (16) / (3) 0.610(18) Factor to Reflect Medical Trend (Appendix A-III) 0.970(19) Projected Limited Medical Cost Ratio = (17) x (18) 0.592(20) Factor to Adjust Medical Cost Ratio to an Unlimited Basis (Appendix A-II) 1.011(21) Projected Medical Cost Ratio = (19) x (20) 0.599(22) Factor to Reflect Proposed Changes in Medical Benefits (Appendix C) 1.000(23) Projected Medical Cost Ratio including Benefit Changes = (21) x (22) 0.599
Total Benefit Cost:
(24) Indicated Change Based on Experience, Trend and Benefits = (13) + (23) 0.999
EXHIBIT I
MISSOURI
Determination of Indicated Loss Cost Level Change
© Copyright 201 National Council on Compensation Insurance, Inc. All Rights Reserved. Page 41 of 103
EXHIBIT I
MISSOURI
Determination of Indicated Loss Cost Level Change
Section B - Policy Year 2016 Experience
Premium:
(1) Standard Earned Premium Developed to Ultimate (Appendix A-II) $653,024,823(2) Premium On-level Factor (Appendix A-I) 0.738(3) Pure Premium Available for Benefit Costs = (1) x (2) $481,932,319
Indemnity Benefit Cost:
(4) Limited Indemnity Losses Developed to Ultimate (Appendix A-II) $210,979,292(5) Indemnity Loss On-level Factor (Appendix A-I) 1.000(6) Adjusted Limited Indemnity Losses = (4) x (5) $210,979,292(7) Adjusted Limited Indemnity Cost Ratio excluding Trend and Benefits = (6) / (3) 0.438(8) Factor to Reflect Indemnity Trend (Appendix A-III) 0.922(9) Projected Limited Indemnity Cost Ratio = (7) x (8) 0.404(10) Factor to Adjust Indemnity Cost Ratio to an Unlimited Basis (Appendix A-II) 1.011(11) Projected Indemnity Cost Ratio = (9) x (10) 0.408(12) Factor to Reflect Proposed Changes in Indemnity Benefits (Appendix C) 1.000(13) Projected Indemnity Cost Ratio including Benefit Changes = (11) x (12) 0.408
Medical Benefit Cost:
(14) Limited Medical Losses Developed to Ultimate (Appendix A-II) $279,635,411(15) Medical Loss On-level Factor (Appendix A-I) 1.000(16) Adjusted Limited Medical Losses = (14) x (15) $279,635,411(17) Adjusted Limited Medical Cost Ratio excluding Trend and Benefits = (16) / (3) 0.580(18) Factor to Reflect Medical Trend (Appendix A-III) 0.961(19) Projected Limited Medical Cost Ratio = (17) x (18) 0.557(20) Factor to Adjust Medical Cost Ratio to an Unlimited Basis (Appendix A-II) 1.011(21) Projected Medical Cost Ratio = (19) x (20) 0.563(22) Factor to Reflect Proposed Changes in Medical Benefits (Appendix C) 1.000(23) Projected Medical Cost Ratio including Benefit Changes = (21) x (22) 0.563
Total Benefit Cost:
(24) Indicated Change Based on Experience, Trend and Benefits = (13) + (23) 0.971
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© Copyright 201 National Council on Compensation Insurance, Inc. All Rights Reserved. Page 52 of 103
Section A - Premium and Loss Summary Valued as of 12/31/2018
Policy Year 2017
(1) Standard Earned Premium $652,617,982(2) Factor to Develop Premium to Ultimate 1.007(3) Standard Earned Premium Developed to Ultimate = (1)x(2) $657,186,308
(4) Limited Indemnity Paid Losses $59,625,302(5) Limited Indemnity Paid Development Factor to Ultimate 3.687(6) Limited Indemnity Paid Losses Developed to Ultimate = (4)x(5) $219,838,488
(7) Limited Indemnity Paid+Case Losses $150,909,038(8) Limited Indemnity Paid+Case Development Factor to Ultimate 1.390(9) Limited Indemnity Paid+Case Losses Developed to Ultimate = (7)x(8) $209,763,563
(10) Policy Year 2017 Limited Indemnity Losses Developed to Ultimate = [(6)+(9)]/2 $214,801,026
(11) Limited Medical Paid Losses $201,394,199(12) Limited Medical Paid Development Factor to Ultimate 1.536(13) Limited Medical Paid Losses Developed to Ultimate = (11)x(12) $309,341,490
(14) Limited Medical Paid+Case Losses $297,685,959(15) Limited Medical Paid+Case Development Factor to Ultimate 1.050(16) Limited Medical Paid+Case Losses Developed to Ultimate = (14)x(15) $312,570,257
(17) Policy Year 2017 Limited Medical Losses Developed to Ultimate = [(13)+(16)]/2 $310,955,874
Policy Year 2016
(1) Standard Earned Premium $653,024,823(2) Factor to Develop Premium to Ultimate 1.000(3) Standard Earned Premium Developed to Ultimate = (1)x(2) $653,024,823
(4) Limited Indemnity Paid Losses $105,920,774(5) Limited Indemnity Paid Development Factor to Ultimate 2.028(6) Limited Indemnity Paid Losses Developed to Ultimate = (4)x(5) $214,807,330
(7) Limited Indemnity Paid+Case Losses $168,689,946(8) Limited Indemnity Paid+Case Development Factor to Ultimate 1.228(9) Limited Indemnity Paid+Case Losses Developed to Ultimate = (7)x(8) $207,151,254
(10) Policy Year 2016 Limited Indemnity Losses Developed to Ultimate = [(6)+(9)]/2 $210,979,292
(11) Limited Medical Paid Losses $221,051,055(12) Limited Medical Paid Development Factor to Ultimate 1.252(13) Limited Medical Paid Losses Developed to Ultimate = (11)x(12) $276,755,921
(14) Limited Medical Paid+Case Losses $275,355,653(15) Limited Medical Paid+Case Development Factor to Ultimate 1.026(16) Limited Medical Paid+Case Losses Developed to Ultimate = (14)x(15) $282,514,900
(17) Policy Year 2016 Limited Medical Losses Developed to Ultimate = [(13)+(16)]/2 $279,635,411
APPENDIX A-II
MISSOURI
Determination of Premium and Losses Developed to an Ultimate Report
© Copyright 201 National Council on Compensation Insurance, Inc. All Rights Reserved. Page 53 of 103
Section B - Premium Development Factors
Policy Policy Policy PolicyYear 1st/2nd Year 2nd/3rd Year 3rd/4th Year 4th/5th
2014 1.008 2013 1.000 2012 1.000 2011 1.0002015 1.008 2014 1.000 2013 1.000 2012 1.0002016 1.005 2015 0.999 2014 1.000 2013 1.001
Average 1.007 Average 1.000 Average 1.000 Average 1.000
1st/5th 2nd/5th 3rd/5th 4th/5th1.007 1.000 1.000 1.000
MISSOURI
APPENDIX A-II
Summary of Premium Development Factors
Determination of Premium and Losses Developed to an Ultimate Report
© Copyright 201 National Council on Compensation Insurance, Inc. All Rights Reserved. Page 54 of 103
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© Copyright 201 National Council on Compensation Insurance, Inc. All Rights Reserved. Page 58 of 103
Section G - Determination of Policy Year Loss Development Factors (19th-to-Ultimate Report)
(1) (2) (3) (4) (5) (6) (7)Factor to Indicated
Policy Adjust Losses 19th-to-Ult DevelopmentYear 19th Report 20th Report Previous Current for Prior Policy Years for Policy Year
1989 218,972,637 219,010,945 1,574,118,975 1,573,978,893 0.509 0.9991990 227,070,139 227,101,992 1,740,222,671 1,741,179,800 0.551 1.0081991 225,355,332 225,327,519 1,968,281,792 1,970,265,933 0.630 1.0141992 200,549,303 200,679,586 2,195,087,537 2,198,064,275 0.787 1.0201993 183,188,006 183,535,361 2,399,277,237 2,401,159,473 0.934 1.0131994 164,000,954 164,145,266 2,575,187,385 2,577,398,341 1.096 1.0131995 141,339,770 141,572,206 2,737,106,287 2,738,828,735 1.309 1.0111996 147,883,829 148,802,798 2,879,571,795 2,881,494,797 1.257 1.0171997 154,253,043 154,687,733 3,026,557,412 3,025,951,376 1.201 1.0001998 182,523,316 182,647,097 3,169,052,488 3,171,037,604 1.009 1.011
Selected Indemnity 19th-to-Ultimate Loss Development Factor 1.011
(8) (9) (10) (11) (12) (13) (14)Factor to Indicated
Policy Adjust Losses 19th-to-Ult DevelopmentYear 19th Report 20th Report Previous Current for Prior Policy Years for Policy Year
1989 167,635,672 167,926,896 1,074,596,290 1,079,600,293 0.479 1.0641990 182,510,617 182,123,647 1,210,755,402 1,209,584,537 0.502 0.9851991 191,573,815 192,847,310 1,391,708,184 1,391,806,331 0.551 1.0081992 165,486,131 165,432,240 1,584,603,674 1,590,881,650 0.723 1.0521993 169,737,364 170,485,300 1,756,367,002 1,757,043,235 0.775 1.0101994 151,020,897 149,363,054 1,920,214,880 1,921,166,657 0.936 0.9961995 134,262,976 134,653,905 2,066,085,458 2,070,691,043 1.110 1.0341996 128,412,573 128,363,117 2,204,592,287 2,205,855,600 1.195 1.0081997 152,762,374 153,435,850 2,332,133,784 2,332,460,373 1.022 1.0071998 156,242,524 155,872,170 2,480,454,534 2,483,108,409 1.011 1.014
Selected Medical 19th-to-Ultimate Loss Development Factor 1.018
(7) = 1 + [ (3)-(2) + ((5)-(4)) / (6) ] / (2)(14) = 1 + [ (10)-(9) + ((12)-(11)) / (13) ] / (9)Columns (4) and (11) are valued as of the date at which the given policy year is at a 19th report.Columns (5) and (12) are valued as of the date at which the given policy year is at a 20th report.
Losses for Policy Year Losses for All Prior Policy Years
Determination of Premium and Losses Developed to an Ultimate Report
APPENDIX A-II
MISSOURI
Medical Paid+Case Data for Matching Companies
Indemnity Paid+Case Data for Matching Companies
Losses for Policy Year Losses for All Prior Policy Years
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Basic Manual
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* Permanent Total losses are always assigned to the Likely-to-Develop grouping.
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** See Section B.3 for the indemnity and medical breakdown of the proposed loss-based expenses.
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o
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expectedactual
Unit Statistical Reporting Guidebook
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Table of Weighting Values
Table of Ballast Values
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