Residual Premium Algorithm
OVERVIEW
|
RESIDUAL MARKET DATA ENTRY
(Algorithm PDF)
|
VOLUNTARY MARKET DATA ENTRY
(Algorithm PDF)
|
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Residual Market Data Entry
Employer Name
Effective Date
Expiration Date
Cancellation Date
Cancellation Type
Not Applicable
Pro Rata
Short Rate
Was policy issue short term to replace a binder or to establish concurrency with other policies?
No
Yes
Waiver of Subrogation
No
Yes
Employers Liability
9845 - Standard Limits
9803 - 100/100/1000
9807 - 500/500/500
9808 - 500/500/1000
9812 - 1000/1000/1000
Small Deductible Programs applicable to Workers' Compensation only and not Employers Liability
MA Benefits Deductible Program:
None
$500
$1,000
$2,000
$2,500
$5,000
MA Benefits Claim & Aggregate Deductible Program:
No
Yes
Experience Modification(x.xx):
Merit Rating:
None
.95
1.00
1.05
MA Construction Credit(xx):
ARAP Surcharge(x.xx):
QLMP Credit(xx.xx):
Former Self-Insurers Charge(whole dollar):
Admiralty Employers Liability Limit:
None
10,000 Standard
50,000
100,000
DIA Assessment:
Private
Public
Enter Class Codes
Class Code*
Exposure(Not subject to waiver)
Exposure(Subject to waiver)
USL&H
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
* Refer to the algorithm Part I (1): enter class codes for the following: admiralty classes, non-admiralty payroll classes, per capita classes, supplemental rate disease classes, supplemental non-ratable classes, and/or the supplemental rate atomic energy exposure.