296-17B-830 - Expected loss ratio factors

296-17B-830. Expected loss ratio factors

An expected loss ratio factor is a factor applied to case incurred loss amounts of claims and discounted loss development factors so that the ratio of discounted developed loss to standard premiums for the entire state fund used in the actuarial calculations equals the expected loss ratios. By doing this, loss ratios will not be expected to change simply because the department changed the rates for one fund significantly more than the rates for another fund. The expected loss ratios are:

Accident Fund 76.56%
Medical Aid Fund 88.0%

Separate factors will be calculated by fund and also by enrollment period at the time of each annual retrospective rating adjustment.

(Amended by WSR 17-12-020, Filed 5/30/2017, effective 6/30/2017)

Statutory Authority: RCW 51.18.010 and 51.04.020(1). 12-21-054, § 296-17B-830, filed 10/15/12, effective 12/14/12. Statutory Authority: RCW 51.16.035, 51.16.100, 51.04.020(1), and 51.18.010. 10-21-086, § 296-17B-830, filed 10/19/10, effective 11/19/10.

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