Statutes, codes, and regulations
Hawaii Administrative Rules
Title 16 - DEPARTMENT OF COMMERCE AND CONSUMER AFFAIRS
Chapter 12 - MEDICARE SUPPLEMENT INSURANCE MINIMUM STANDARDS
Exhibit E - Reporting Form for The Calculation of Benchmark Ratio since Inception for Group Policies for Calendar Year

Haw. Code R. § tit. 16, ch. 12, exh. E

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Exhibit E - Reporting Form for The Calculation of Benchmark Ratio since Inception for Group Policies for Calendar Year

REPORTING FORM FOR THE CALCULATION OF BENCHMARK RATIO SINCE INCEPTION FOR GROUP POLICIES FOR CALENDAR YEAR___________

TYPE1_____________________________________________ SMSBP2________________________________________________

For the State of____________________________________ Company Name_________________________________________

NAIC Group Code__________________________________ NAIC Company Code_____________________________________

Address___________________________________________ Person Completing Exhibit_________________________________

Title______________________________________________ Telephone Number_______________________________________

(a)3 (b)4 (c) (d) (e) (f) (g) (h) (i) (J) (o)5
Year Earned Premium Factor (b)x(c) Cumulative Loss Ratio (d)x(e) Factor (b)x(g) Cumulative Loss Ratio (h)x(i) Policy Year Loss Ratio
1 2.770 0.507 0.000 0.000 0.46
2 4.175 0.567 0.000 0.000 0.63
3 4.175 0.567 1.194 0.759 0.75
4 4.175 0.567 2.245 0.771 0.77
5 4.175 0.567 3.170 0.782 0.80
6 4.175 0.567 3.998 0.792 0.82
7 4.175 0.567 4.754 0.802 0.84
8 4.175 0.567 5.445 0.811 0.87
9 4.175 0.567 6.075 0.818 0.88
10 4.175 0.567 6.650 0.824 0.88
11 4.175 0.567 7.176 0.828 0.88
12 4.175 0.567 7.655 0.831 0.88
13 4.175 0.567 8.093 0.834 0.89
14 4.175 0.567 8.493 0.837 0.89
15 + 6 4.175 0.567 8.684 0.838 0.89
Total: (k): (I): (m): (n):

Benchmark Ratio Since Inception: (I + n)/(k + m):___________________________

1 Individual, Group, Individual Medicare Select, or Group Medicare Select Only.

2 "SMSBP" = Standardized Medicare Supplement Benefit Plan - Use "P" for pre-standardized plans.

3 Year 1 is the current calendar year - 1. Year 2 is the current calendar year - 2 (etc.) (Example: If the current year is 1991, then: Year 1 is 1990; Year 2 is 1989, etc.)

4 For the calendar year on the appropriate line in column (a), the premium earned during that year for policies issued in that year.

5 These loss ratios are not explicitly used in computing the benchmark loss ratios. They are the loss ratios, on a policy year basis, which result in the cumulative loss ratios displayed on this worksheet. They are shown here for informational purposes only.

6 To include the earned premium for all years prior to as well as the 15th year prior to the current year.

REPORTING FORM FOR THE CALCULATION OF BENCHMARK RATIO SINCE INCEPTION FOR INDIVIDUAL POLICIES FOR CALENDAR YEAR____________

TYPE1_____________________________________________ SMSBP2________________________________________________

For the State of____________________________________ Company Name_________________________________________

NAIC Group Code__________________________________ NAIC Company Code_____________________________________

Address___________________________________________ Person Completing Exhibit_________________________________

Title______________________________________________ Telephone Number_______________________________________

(a)3 (b)4 (c) (d) (e) (f) (g) (h) (i) (J) (o)5
Year Earned Premium Factor (b)x(c) Cumulative Loss Ratio (d)x(e) Factor (b)x(g) Cumulative Loss Ratio (h)x(i) Policy Year Loss Ratio
1 2.770 0.442 0.000 0.000 0.40
2 4.175 0.493 0.000 0.000 0.55
3 4.175 0.493 1.194 0.659 0.65
4 4.175 0.493 2.245 0.669 0.67
5 4.175 0.493 3.170 0.678 0.69
6 4.175 0.493 3.998 0.686 0.71
7 4.175 0.493 4.754 0.695 0.73
8 4.175 0.493 5.445 0.702 0.75
9 4.175 0.493 6.075 0.708 0.76
10 4.175 0.493 6.650 0.713 0.76
11 4.175 0.493 7.176 0.717 0.76
12 4.175 0.493 7.655 0.720 0.77
13 4.175 0.493 8.093 0.723 0.77
14 4.175 0.493 8.493 0.725 0.77
15 + 6 4.175 0.493 8.684 0.725 0.77
Total: (k): (I): (m): (n):

Benchmark Ratio Since Inception: (I + n)/(k + m):

1 Individual, Group, Individual Medicare Select, or Group Medicare Select Only.

2 "SMSBP" = Standardized Medicare Supplement Benefit Plan - Use "P" for pre-standardized plans.

3 Year 1 is the current calendar year - 1. Year 2 is the current calendar year - 2 (etc.) (Example: If the current year is 1991, then: Year 1 is 1990; Year 2 is 1989, etc.)

4 For the calendar year on the appropriate line in column (a), the premium earned during that year for policies issued in that year.

5 These loss ratios are not explicitly used in computing the benchmark loss ratios. They are the loss ratios, on a policy year basis, which result in the cumulative loss ratios displayed on this worksheet. They are shown here for informational purposes only.

6 To include the earned premium for all years prior to as well as the 15th year prior to the current year.

Haw. Code R. tit. 16, ch. 12, exh. E

The amended version of this section by Hawaii Administrative Rules Listing of Filings, 2019-01, July, eff. 8/1/2019 is not yet available.