296-17B-550 - Determining your incurred losses

296-17B-550. Determining your incurred losses

If the sum of the losses incurred for your claims divided by your standard premiums and multiplied by the performance adjustment factor is greater than the maximum loss ratio you selected, your incurred losses will be reduced accordingly. If it is less than the minimum loss ratio you selected, your incurred losses will be increased accordingly.

Statutory Authority: RCW 51.16.035, 51.16.100, 51.04.020(1), and 51.18.010. 10-21-086, ยง 296-17B-550, filed 10/19/10, effective 11/19/10.

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