text stringlengths 155 6.08k |
|---|
<s>[INST]State of Alaska pet insurance regulatory filing objection: The objection letter is pending industry response. The objection was submitted on 12/16/2021 and a response is expected by 01/17/2022. The objection raises concerns about the filing's compliance with AS 21.39 requirements and the waiting period. It req... |
<s>[INST]State of Alaska pet insurance regulatory filing objection: The objection letter is pending industry response. The objection was submitted on 11/16/2021 and a response is required by 12/17/2021. The objection raises concerns about the adequacy of support provided for the director to determine if the filing meet... |
<s>[INST]State of Alaska pet insurance regulatory filing objection: Objection 1: Please provide Exhibit 10 for Cat and Dog individually instead of combined. Objection 2: In response to Item 1.2.(a), please describe the miscellaneous tax of 0.34%. Objection 3: Provide a histogram of policyholder impacts and describe pol... |
<s>[INST]State of Alaska pet insurance regulatory filing objection: The objection letter is pending industry response. The objection was submitted on 09/14/2021 and a response is expected by 10/15/2021. The objection raises concerns about the adequacy of support provided for the director to determine if the filing meet... |
<s>[INST]State of Alaska pet insurance regulatory filing objection: Please provide justification for selecting a trend of 7%, which is higher than all of the presented regressions within the trend exhibit. AS 21.39.030 AS 21.39.040(d)[/INST] In this filing, we propose a non-wellness historical annual trend of 6.3%, bas... |
<s>[INST]State of Alaska pet insurance regulatory filing objection: Please provide underlying expense and profit exhibits to support the expected loss ratio used in the rate level indication. If necessary, explain any provisions selected based on judgment.[/INST] Refer to the attached file titled "Figo Expense and Prof... |
<s>[INST]State of Alaska pet insurance regulatory filing objection: Please explain how the Proposed State Factor change on Page 6 of 8 in the Rate Impact exhibits is developed. If there is quantitative support, please provide the exhibits.[/INST] The proposed change to the state factor is determined to meet the overall... |
<s>[INST]State of Alaska pet insurance regulatory filing objection: Experience has improved in 2021 and 2022 on both a countrywide and Alaska basis. Please document any underlying drivers of the improved experience.[/INST] Please note that the nationwide and Alaska experience provided on page 1 represents the actual ex... |
<s>[INST]State of Alaska pet insurance regulatory filing objection: The experience has improved in 2021 and 2022 on both a countrywide and Alaska basis. Please explain whether the more recent experience periods are better predictors of the prospective loss experience.[/INST] As mentioned in Objection 4, the experience ... |
<s>[INST]State of Alaska pet insurance regulatory filing objection: Please provide documentation on the general characteristics of the group of members receiving the highest premium increases within the proposed rate distribution.[/INST] The pets experiencing the largest premium increase are mostly dogs, with a relativ... |
<s>[INST]State of Alaska pet insurance regulatory filing objection: The company is requesting its second rate increase of 10% or more within a year. Please provide a summary of other actions being taken by the company, in addition to rate revision filings, to address overall profitability.[/INST] Rate filing updates ar... |
<s>[INST]State of Alaska pet insurance regulatory filing objection: Please provide a specific explanation of what is driving the indicated rate need, including factors such as utilization, frequency, severity, specific underperforming segments, and other trends.[/INST] The case mix change, adverse loss experience in Al... |
<s>[INST]State of Alaska pet insurance regulatory filing objection: Objection 9 - Alaska - New Only Rate Sheets, null (Rate) - What are the differences between pages 13 and 14? How do the rules differentiate? AS 21.39.040[/INST] Page 13 and Page 14 of the rate manual provide plan factors based on the adjudication metho... |
<s>[INST]State of Alaska pet insurance regulatory filing objection: Objection 1 - Regarding the response. Comments: The marked copy in this filing has the same edition date as the final copy, which is 9/21/2022. A clearly marked copy showing any changes must be attached to the Marked Copy section of the Supporting Docu... |
<s>[INST]State of Alaska pet insurance regulatory filing objection: The marked copy in this filing has the same edition date as the final copy, which is 9/21/2022, but it should show changes from the prior authorized copy in filing IADC-132956232 with an edition date of 08/19/2021. The marked copy must clearly indicate... |
<s>[INST]State of Alaska pet insurance regulatory filing objection: Please document any distributional shifts that are causing the negative premium trend from late 2020 to early 2022.[/INST] The negative premium trend is a result of a shift in the mix of business towards lower cost breeds, younger age at enrollment, an... |
<s>[INST]State of Alaska pet insurance regulatory filing objection: Please provide documentation for the underlying causes of the severity trend in pet insurance, which consistently remains near +15% based on the regressions provided by the Company. Refer to AS 21.39.030 and AS 21.39.040(d).[/INST] The severity trend i... |
<s>[INST]State of Alaska pet insurance regulatory filing objection: Please provide documentation of the quantitative support or professional judgment used to select a 5.0% profit & contingency factor, as required by AS 21.39.030 and AS 21.39.040(d).[/INST] Due to the nature of pet insurance being a short tail line of b... |
<s>[INST]State of Alaska pet insurance regulatory filing objection: Regarding the Dog Age curves, please provide documentation on how the Company selected factors. It seems that the Company relied more on the indicated relativity rather than the credibility adjusted factor, while also making corrections for reversals. ... |
<s>[INST]State of Alaska pet insurance regulatory filing objection: Please review the submitted Rules and Rates along with the Marked Copy. We are unsure if they are filed correctly based on the current approved program. Specifically, the filed rules include the Landspath Food Program Factor, which is not part of the c... |
<s>[INST]State of Alaska pet insurance regulatory filing objection: Which table clearly identifies the associated breed with the number? The current table is unclear. Additionally, will cats remain unchanged in the rating? Is there a way to differentiate between felines and canines?[/INST] Trupanion unintentionally omi... |
<s>[INST]State of Alaska pet insurance regulatory filing objection: The objection letter is pending industry response. Adequate support has not been provided to determine if the filing meets the requirements of AS 21.39. The waiting period has not commenced, and the proposed effective date may not comply with the waiti... |
<s>[INST]State of Alaska pet insurance regulatory filing objection: Objection 1 - Certification Form (Supporting Document) Comments: The division has issued guidance to insurers, suspending the file and use provisions under AS 21.39.220 and AS 21.42.125 for 15 months. File and Use filings will be treated as Prior Appro... |
<s>[INST]State of Alaska pet insurance regulatory filing objection: The objection states that the language in the policy regarding voiding coverage for fraud and misrepresentation violates Alaska Statutes 21.42.110 and 21.36.220.[/INST] The provision in both policies has been revised to replace all references to voidin... |
<s>[INST]State of Alaska pet insurance regulatory filing objection: The objection states that the mentioned forms, which include promotional items, partner promotional items, prizes, contests, sweepstakes, or raffles, special promotions for referrals, special promotions for partner referrals, value-added services, part... |
<s>[INST]State of Alaska pet insurance regulatory filing objection: Please provide a list of the associated groups eligible for Group Membership coverage or rate discounts. This will ensure fair discrimination in applying these discounts, as required by AS 21.36.190(a-f).[/INST] Refer to our response objection #2 dated... |
<s>[INST]State of Alaska pet insurance regulatory filing objection: The language in the policy regarding the assignment and payment of claims does not comply with Regulation 3 AAC 26.070(a)(2), which requires prompt payment of undisputed portions of a claim within 30 working days.[/INST] Thank you for your comments. Af... |
<s>[INST]State of Alaska pet insurance regulatory filing objection: On page 2, Taxes, Licenses, & Fees are listed as 5.1%. Please specify the fees or expenses included in addition to Alaska's 2.7% premium tax.[/INST] The 5.1% on page two includes the state premium tax of 2.7% as well as state filing fees, certificate o... |
<s>[INST]State of Alaska pet insurance regulatory filing objection: Please ensure that the Indicated Rate Change Percentage on the Rate/Rule Schedule matches the submitted filing support.[/INST] We will update the Rate/Rule Schedule to align with the filing support. Related Objection: Please ensure that the Indicated R... |
<s>[INST]State of Alaska pet insurance regulatory filing objection: Objection 1: Regarding the response to... Comments: Please remove the sentence regarding Plus.[/INST] Response 1: The sentence regarding Plus has been removed. Please refer to the supporting document: AK Major Medical and Pet Wellness Plus Rider Filing... |
<s>[INST]State of Alaska pet insurance regulatory filing objection: Objection #2 states that a rate change is not being requested for the Plus level of coverage in this filing, only for the Major Medical plan. Please remove the sentence that requests a rate change for the Plus level of coverage outlined in the Pet Well... |
<s>[INST]State of Alaska pet insurance regulatory filing objection: Please complete the Previous State Filing Number field on the Rate/Rule Schedule as required by regulations 3 AAC 31.210(h) and 3 AAC 31.225(a)(10).[/INST] The previous state filing number is NWPP-132697124. We will update the Rate/Rule Schedule accord... |
<s>[INST]State of Alaska pet insurance regulatory filing objection: The objection states that a rate change is being requested for the Plus level of coverage outlined in the Pet Wellness Rider form (VS-281), but no rate changes are found in the marked copy of the manual. Please provide the location of these rate change... |
<s>[INST]State of Alaska pet insurance regulatory filing objection: Please provide support for the change in the Base Rate, as required by AS 21.39.040(d), to demonstrate compliance with AS 21.39.030(a) and 3 AAC 29.250(c). Alaska Statute 21.39.040 states that when a filing is not accompanied by the information upon wh... |
<s>[INST]State of Alaska pet insurance regulatory filing objection: Please provide support for Age Rating and Breed Factors, as required by AS 21.39.040(d), to demonstrate compliance with AS 21.39.030(a) and 3 AAC 29.250(c). Alaska Statute 21.39.040 states that when a filing lacks the necessary information to determine... |
<s>[INST]State of Alaska pet insurance regulatory filing objection: Objection 1 - The offering of benefits such as gifts, sweepstakes, prizes, contests, and discounts may be considered a form of rebating.[/INST] Response 1 - We have addressed your objection by removing all related provisions from our underwriting rules... |
<s>[INST]State of Alaska pet insurance regulatory filing objection: The objection states that when proposed rates and rules are based on those approved for another insurer, the filing should include supporting documentation to identify differences in coverages, underwriting selection, target markets, special services o... |
<s>[INST]State of Alaska pet insurance regulatory filing objection: Objection 2 - Pages 33 and 34 introduce discounts for Association Groups, Affinity Group, and customers of Strategic Partners. Please provide a list of these associated groups who are eligible, as this will guide underwriters in applying these discount... |
<s>[INST]State of Alaska pet insurance regulatory filing objection: Objection 3 - Page 34 discusses an Installment Fee. Fees related to premium payment transactions, such as late payment fees, insufficient funds fees, installment fees, and convenience fees, cannot be charged until they have been filed and approved unde... |
<s>[INST]State of Alaska pet insurance regulatory filing objection: Objection 4 states that pages 35 and 36 list non-compliant promotional items and services. Requesting a review and revision. Alaska Statute 21.36.120(a) prohibits insurers from offering inducements or valuable considerations not specified in the policy... |
<s>[INST]State of Alaska pet insurance regulatory filing objection: This filing is currently pending industry response. It has been disapproved under AS 21.39.041 and will not take effect unless the division approves it based on additional information provided. The response must address any changes to the filing and pr... |
<s>[INST]State of Alaska pet insurance regulatory filing objection: The objection letter is pending industry response. Adequate support has not been provided to determine if the filing meets the requirements of AS 21.39. The waiting period has not commenced, and the proposed effective date may not comply with the waiti... |
<s>[INST]State of Alaska pet insurance regulatory filing objection: The division has suspended the file and use provisions under AS 21.39.220 and AS 21.42.125 for 15 months, treating File and Use filings as Prior Approval if necessary. Regulatory Order R22-02 designates this filing as Prior Approval, effective May 1, 2... |
<s>[INST]State of Alaska pet insurance regulatory filing objection: The marked copy does not show any underlined or stricken through material. Please review and resubmit a clearly marked copy that clearly indicates changes to the form, rate, or rule filing.[/INST] We apologize for the oversight. The marked copy has bee... |
<s>[INST]State of Alaska pet insurance regulatory filing objection: The objection letter is pending industry response. The objection was submitted on 01/20/2023 and a response is expected by 02/19/2023. The objection raises concerns about the adequacy of support provided for the director to determine if the filing meet... |
<s>[INST]State of Alaska pet insurance regulatory filing objection: The objection letter is pending industry response. The objection was submitted on 12/16/2022 and a response is expected by 01/15/2023. The objection raises concerns about the adequacy of support provided for the director to determine if the filing meet... |
<s>[INST]State of Alaska pet insurance regulatory filing objection: This filing is disapproved under AS 21.42.123 and AS 21.42.130. It will only take effect if the division approves it based on additional information provided by the company. A response addressing the raised issues must be submitted within 30 days from ... |
<s>[INST]State of Alaska pet insurance regulatory filing objection: The final copy was not filed under the Rate/Rule Schedule. Please review and revise.[/INST] The revised final copy of the Pet Manual is included with this response.</s> |
<s>[INST]State of Alaska pet insurance regulatory filing objection: The objection states that when proposed rates and rules are based on those approved for another insurer, the filing should include supporting documentation to identify differences in coverages, underwriting selection, target markets, special services o... |
<s>[INST]State of Alaska pet insurance regulatory filing objection: The selected 2.1% for Taxes, Licenses, and Fees is not appropriate considering Alaska's Premium Tax is 2.7% per AS 21.09.210(b)(1).[/INST] Thank you for bringing this to our attention. We have updated the actuarial memo to reflect the correct rate of 2... |
<s>[INST]State of Alaska pet insurance regulatory filing objection: Under 7. EXPENSES, has actuarial support been provided to demonstrate compliance with AS 21.39.030(a) and 3 AAC 29.250(c)? Please provide the required support as per AS 21.39.040(d) and refer to regulations 3 AAC 29.300(11) and 3 AAC 31.230 for the nec... |
<s>[INST]State of Alaska pet insurance regulatory filing objection: Objection 5 - Please provide an explanation of how the value for Ultimate Losses was determined using the values for D and C and the formula (D * C = Ultimate Losses) as stated in AS 21.39.040.[/INST] Thank you for bringing this to our attention. We ha... |
<s>[INST]State of Alaska pet insurance regulatory filing objection: Please provide an explanation of how the value for Rate Level Adjustment was determined on pages 6 and 8, considering the values for F and G and the formula (F / G = Rate Level Adjustment) as per AS 21.39.040.[/INST] Thank you for bringing this to our ... |
<s>[INST]State of Alaska pet insurance regulatory filing objection: The objection letter is pending industry response. The objection was submitted on 04/18/2023 and a response is expected by 05/18/2023. The objection raises concerns about the adequacy of support provided for the director to determine if the filing meet... |
<s>[INST]State of Alaska pet insurance regulatory filing objection: The objection letter is pending industry response. Adequate support has not been provided to determine if the filing meets the requirements of AS 21.39. The waiting period has not commenced, and the proposed effective date may not comply with the waiti... |
<s>[INST]State of Alaska pet insurance regulatory filing objection: Please complete the Corresponding Filing Tracking Number field to reference the corresponding filing AXSS-G133611993. This is required as per 3 AAC 31.210(f)(2), 3 AAC 31.225(a)(12), and SERFF General Instructions, Comment 4.e. If the list of cross-ref... |
<s>[INST]State of Alaska pet insurance regulatory filing objection: Objection 1 Comments: Response to[/INST] Response 1 Comments: Please refer to the attached response document. Related Objection 1 Comments: N/A</s> |
<s>[INST]State of Alaska pet insurance regulatory filing objection: Objection 1 - In the Fetch Pet Health Insurance Program Rate Manual, FRMNR 20230525.2, on pages 1-14, it is stated that the "Rating Plan Base Rate" section is intentionally left blank. However, the tables below mention calculating base rates using rela... |
<s>[INST]State of Alaska pet insurance regulatory filing objection: The document mentions the introduction of new limits and states that factors were selected based on modeled values indicated by the GLM. Please provide additional information about the multivariate model used in developing the proposed rates and factor... |
<s>[INST]State of Alaska pet insurance regulatory filing objection: The wording of the cancellation fee in the AK pages allows for a range of values. What criteria are used to determine the applicable cancellation fee? The manual should provide guidance to the underwriter for selecting the appropriate percentage or fac... |
<s>[INST]State of Alaska pet insurance regulatory filing objection: This filing is disapproved under AS 21.42.123 and AS 21.42.130. It will only take effect if the division approves it based on additional information provided. Please respond to the raised issues within 30 days. If more time is needed, a written request... |
<s>[INST]State of Arkansas pet insurance regulatory filing objection: Objection 1 - P&C Actuarial Justification (Supporting Document) Comments: All rate change requests must include supporting data as required by Arkansas Code Annotated § 23-67-209 (d). Please explain the consideration given to investment income relate... |
<s>[INST]State of Arkansas pet insurance regulatory filing objection: There is an error in the history of rate change section (15) of the actuarial memo. Please review and correct.[/INST] We apologize for the error. Please refer to the updated Act Memo, Arkansas - Actuarial Memorandum - 20221021.pdf, where we have corr... |
<s>[INST]State of Arkansas pet insurance regulatory filing objection: Please provide additional supporting documentation for the change to the area factor for Arkansas.[/INST] The rate levels in Arkansas are adjusted through the area factor to align with the overall indicated rate change. This can be observed on pages ... |
<s>[INST]State of Arkansas pet insurance regulatory filing objection: Objection 1 - NAIC loss cost data entry document (Supporting Document) is required with all rate change filings.[/INST] We have updated the NAIC loss cost data entry document as requested. Please note that this program does not utilize loss cost from... |
<s>[INST]State of Arkansas pet insurance regulatory filing objection: The arbitration clause(s) in this filing need to be amended to comply with Ark. Code Ann. §23-79-203 and Arkansas Bulletin No. 19-89. Specifically, the clause(s) must state that it is non-binding and voluntary.[/INST] Please refer to Section X.E. The... |
<s>[INST]State of Arkansas pet insurance regulatory filing objection: The territory rule needs to be amended to include reference to unlisted ZIP codes and the applicable factor.[/INST] Attached is the updated rate exception addressing the concern raised in the objection regarding the territory rule and unlisted ZIP co... |
<s>[INST]State of Arkansas pet insurance regulatory filing objection: Please explain how ZIP codes not listed are treated.[/INST] The Company has confirmed that a factor of 1.00 will be used for any zip codes not listed.</s> |
<s>[INST]State of Arkansas pet insurance regulatory filing objection: The reasons for cancellation in the Arkansas Amendatory Endorsement must comply with Arkansas Code Annotated §23-66-206 (15).[/INST] Attached is the updated Arkansas Amendatory Endorsement.</s> |
<s>[INST]State of Arkansas pet insurance regulatory filing objection: The objection letter is currently pending industry response. The objection letter was dated 01/30/2023 and submitted on the same date. A response is expected by a specified date.[/INST] The response letter has been submitted to the state on 02/17/202... |
<s>[INST]State of Arkansas pet insurance regulatory filing objection: Objection 1 - The NAIC loss cost data entry document is required for all rate change filings. Please complete the 5-year history section with policy count, premium, and loss experience for the time the program has been in effect in Arkansas. Addition... |
<s>[INST]State of Arkansas pet insurance regulatory filing objection: Objection 1 - NAIC loss cost data entry document (Supporting Document) Comments: The form needs to be amended to include premium, losses, and loss ratios in the 5-year history section. Even if there have been no rate changes in those years, the infor... |
<s>[INST]State of Arkansas pet insurance regulatory filing objection: The objection letter is pending industry response. The objection is regarding a redline of a revised form and requests an explanation for the new language added to the Cancellation and Nonrenewal section.[/INST] Thank you for your objection letter da... |
<s>[INST]State of Arkansas pet insurance regulatory filing objection: Objection 1 - The language in the Accident and Illness Policy Form (IAIC-PB10001-ILL) does not comply with Arkansas Code Annotated §23-66-206 (15). Additionally, it does not provide the required 20-day notice for reasons other than non-payment of pre... |
<s>[INST]State of Arkansas pet insurance regulatory filing objection: Objection 1 - The Accident and Illness Policy Form, IAIC-PB10001-ILL, requires a policy to be cancelled and re-written if coverages are increased. Please explain the reason for this requirement.[/INST] We cancel and re-write the policy due to moral h... |
<s>[INST]State of Arkansas pet insurance regulatory filing objection: Objection 2 - Accident and Illness Policy Form, IAIC-PB10001-ILL, (Form) - Please include the customer care center phone number in the submitting a claim information.[/INST] Please refer to the attached Amendatory Endorsement, which will be included ... |
<s>[INST]State of Arkansas pet insurance regulatory filing objection: Objection 3 - EssentialWellness/BestWellness Endorsement, IAIC-PB10001-WLL, (Form) Please explain why the base policy must be cancelled if this endorsement is cancelled.[/INST] We cancel and re-write the policy for reasons of moral hazard. If an insu... |
<s>[INST]State of Arkansas pet insurance regulatory filing objection: Please provide a list of states and SERFF Tracking numbers that have approved the "policy changes" language allowing termination of an existing policy that requires new enrollment.[/INST] Policy changes requiring termination of an existing policy wou... |
<s>[INST]State of Arkansas pet insurance regulatory filing objection: Objection 1 - The AR Amendatory Endorsement, PET-AE-20000-AR-, 0723 (Form), does not comply with ACA 23-66-206(15) as it deletes and replaces the "When We Cancel" provision without providing the required notice periods for cancellation. Objection 2 -... |
<s>[INST]State of Arkansas pet insurance regulatory filing objection: The cancellation provision in the AR Amendatory Endorsement, PET-AE-20000-AR-, 0723 form does not comply with ACA 23-66-206 (15).[/INST] We have amended the form to ensure compliance with ACA 23-66-206 (15). The updated form, PET-AE-20000-AR-0723 -Fi... |
<s>[INST]State of Arkansas pet insurance regulatory filing objection: The "Pet Health Insurance Policy" information only references the accident policy form. The information in this form should also be included in the illness policy. Please explain.[/INST] We have created and attached an amendatory endorsement, TRSA-OP... |
<s>[INST]State of Arkansas pet insurance regulatory filing objection: The form name listed under the form schedule tab is "Arizona," but this is an Arkansas form.[/INST] The form name has been corrected to "Arkansas." Related Objection 2 Applies To: - Arkansas Amendatory Endorsement, TRSA-OPI-PC210-ACC-SAEN-AR, (03-23)... |
<s>[INST]State of Arkansas pet insurance regulatory filing objection: Thorson Specialty Insurance Services does not appear to be licensed as an agency or MGA in Arkansas. Please explain.[/INST] A PSU (Policyholder Service Update) has been submitted. Thorson has changed its name to Norse Specialty Insurance Services.</s... |
<s>[INST]State of Arkansas pet insurance regulatory filing objection: The objection letter is pending industry response. The objection was submitted on 06/19/2023 and a response is expected by a certain date. The objection requests capping individual increases at 40%.[/INST] The response letter has been submitted to th... |
<s>[INST]State of Arkansas pet insurance regulatory filing objection: Please clarify the meaning of the chart labeled "Proposal $ Rate Impact" in supporting exhibit 5, page 2.[/INST] Thank you for your inquiry regarding our Arkansas Pet Insurance filing. The chart labeled "Proposal $ Rate Impact" represents the disloca... |
<s>[INST]State of Arkansas pet insurance regulatory filing objection: Please change the renewal effective date to 12/22/2023.[/INST] The renewal effective date will be amended to 12/22/2023 through a post-submission update. The rate information on the rate/rule schedule tab will also be updated accordingly. As a result... |
<s>[INST]State of Arkansas pet insurance regulatory filing objection: Please update the 5-year history section of the NAIC Loss Cost Data Entry document to include the most recent 5 years of data, even if there were no rate changes during those years.[/INST] We have revised the 5-year history section in the NAIC Loss C... |
<s>[INST]State of Arkansas pet insurance regulatory filing objection: Please provide additional supporting documentation for the changes made to the pet age and new territory factors. Additionally, explain the reasoning behind the selected age factors.[/INST] Regarding the Underwriting Age and Tenure factors, further a... |
<s>[INST]State of Arkansas pet insurance regulatory filing objection: Objection 4 - AR Pet Insurance Program, G-1-3, BR-1, GS-1, B-1, BL-1-12, UAT-1-13, T-1, D-1 (Rate) - Please provide the manual page for territory definitions.[/INST] Please refer to the attached document, Arkansas Territory Definitions, which provide... |
<s>[INST]State of Arkansas pet insurance regulatory filing objection: For all rate change requests, Arkansas Code Annotated § 23-67-209 and Rule 23, Section 7.A.2 require supporting data. Please explain the consideration given to all investment income attributable to premiums, the reserves associated with those premium... |
<s>[INST]State of Arkansas pet insurance regulatory filing objection: Objection 2 - The rate manual must include a capping rule.[/INST] Please refer to the attached manual, which includes rate capping language from the actuarial memo. Additionally, we have provided a revised actuarial memo with an effective date of 8/4... |
<s>[INST]State of Arkansas pet insurance regulatory filing objection: For all rate change requests, Arkansas Code Annotated § 23-67-209 and Rule 23, Section 7.A.2 require supporting data. Rate changes must be justified adequately.[/INST] Please refer to page 1 of the Rate Increase Support Exhibit AR for the requested s... |
<s>[INST]State of Arkansas pet insurance regulatory filing objection: Please explain the minimum premium note on the rating formula page.[/INST] The minimum premium is applicable to family plans with more than one pet. Its purpose is to ensure that adding another pet to the plan will result in an increase in the premiu... |
<s>[INST]State of Arkansas pet insurance regulatory filing objection: Objection 3 - P&C Actuarial Justification (Supporting Document) Comments: Provide statistical documentation supporting the distribution channel factors.[/INST] Please refer to page 2 of the Rate Increase Support Exhibit AR for the requested statistic... |
<s>[INST]State of Arkansas pet insurance regulatory filing objection: Objection 4 - P&C Actuarial Justification (Supporting Document) Comments: Please provide details regarding the rate cap of 4x.[/INST] Renewal rates will be capped at 40% for one year and then will transition to the full filed rate. This information h... |
<s>[INST]State of Arkansas pet insurance regulatory filing objection: The objection letter is pending industry response. There was an error in the SERFF link for the NAIC loss cost data entry document, and the attached form should be completed.[/INST] The completed documents have been attached, addressing the concerns ... |
<s>[INST]State of Arkansas pet insurance regulatory filing objection: The NAIC loss cost data entry document is required for all rate change filings, not just for loss cost filings.[/INST] Thank you for bringing this to our attention. The required documents, including the NAIC loss cost data entry document, have been a... |
<s>[INST]State of Arizona pet insurance regulatory filing objection: The filing does not comply with Arizona statutes and/or administrative code. The objection is regarding the support for the proposed discounts, as a 0.7% difference in loss ratios does not appear to justify the discounts.[/INST] The company believes t... |
<s>[INST]State of Arizona pet insurance regulatory filing objection: The filing does not comply with Arizona statutes and/or administrative code. Actuarial justification for the discounts provided in the product's affinity group program, strategic relationship discount, animal care discount, serving military, veteran, ... |
<s>[INST]State of California pet insurance regulatory filing objection: The deemer date for this filing is October 25, 2022. We request a waiver of the deemer provisions and ask that AXIS Insurance Company submits a SERFF note to waive the deemer provisions of California Insurance Code Section 1861.05.[/INST] Thank you... |
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.