Delaware Administrative Code
Title 18 - Insurance
1300 - Health Insurance General Provisions
1305 - Rate Filing Procedures for Health Insurers and Health Service Corporations and Managed Care Organizations
Section 1305-7.0 - Minimum Loss Ratio Guarantee
Universal Citation: 18 DE Admin Code 1305-7.0
Current through Register Vol. 28, No. 3, September 1, 2024
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.
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