Maryland Statutes
Title 18 - Long-Term Care Insurance
Section 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.

Structure Maryland Statutes