Since this question is quite old, just want to confirm that the answer for 3b using the most recent guidelines would be "not eligible since territory 4 falls outside of the interval of -10% to +10%". Thanks!
Using current FSRA guidelines that are effective now, the rules are: Any existing territorial base rate or differential change must be between –15.0% and +5.0%.
Using what's on the syllabus, requirements for simplified filings are no longer tested.
1) Also does rate change and differential change mean the same thing? How are they interchangeable used?
2) Are relativities mutually exclusive? If I have a set of proposed changes for coverage, territory, age etc., do EACH of these variables have to meet the criteria?
Comments
Using current FSRA guidelines that are effective now, the rules are: Any existing territorial base rate or differential change must be between –15.0% and +5.0%.
Using what's on the syllabus, requirements for simplified filings are no longer tested.
did you mean + 15% in your response ??
1) Also does rate change and differential change mean the same thing? How are they interchangeable used?
2) Are relativities mutually exclusive? If I have a set of proposed changes for coverage, territory, age etc., do EACH of these variables have to meet the criteria?