Get Expense Constant Supplement

The EXPENSE CONSTANT SUPPLEMENT is a critical document used in the insurance industry to detail expense constants and their impact on loss cost multipliers. This guide provides a clear and supportive approach to completing the form online, ensuring that all users can navigate the process confidently and accurately.

Follow the steps to efficiently complete the EXPENSE CONSTANT SUPPLEMENT online.

1. Press the ‘Get Form’ button to access the EXPENSE CONSTANT SUPPLEMENT. This will open the document in your preferred editing platform so you can begin filling it out.
2. At the top of the form, fill in the company tracking number and the form filing number, if applicable. These identifiers help in tracking and managing the submission.
3. Proceed to the sections labeled ‘Development of Expected Loss Ratio.’ Attach any required exhibits that detail the insurer expense data or other necessary supporting information.
4. Complete the selected provisions for total production expense, general expense, taxes, licenses & fees, underwriting profit & contingencies, and any additional expenses. Ensure to specify their percentage contributions.
5. Calculate the expected loss ratio and provide it in both percentage and decimal forms. This is crucial for further calculations regarding the loss cost multiplier.
6. Determine and document the formula expense constant and the formula variable loss cost multiplier based on the values entered in previous steps.
7. Select the applicable expense constant and variable loss cost multiplier. Provide explanations for any differences noted in prior calculations.
8. Finally, ensure all fields are filled out accurately, review your entries, and then save the changes. You can choose to download, print, or share the completed form as needed.

Start filling out the EXPENSE CONSTANT SUPPLEMENT online today to ensure your submission is accurate and complete.