18 Del. Admin. Code § 1305-7.0

Current through Register Vol. 28, No. 5, November 1, 2024

Section 1305-7.0 - Minimum Loss Ratio Guarantee

7.1 In order to use the Minimum Loss Ratio Guarantee (MLRG) the company must satisfy the credibility definition:

7.1.1 The annual earned premium volume in Delaware under the particular policy form must be greater than two million five hundred thousand ($2,500,000) dollars.

7.1.2 This amount will be increased each year by the greater of 6.0% and the average health care premium increase from the Annual Health Care Costs Study for Major Metropolitan Areas.

7.1.3 The MLRG shall not apply to closed blocks of business.

18 Del. Admin. Code § 1305-7.0

13 DE Reg. 939 (01/01/10)