This consistency allows AGC to develop plan elements to ensure upfront discounts and comfortably predict retro returns. Exceptions may be reviewed on an individual basis. The PIP is a retrospective program combined with an up-front discount. A single retro return is calculated nine months after the close of the plan year. Coverage can be directly written by SAIF account reps or through SAIF-approved agents.
Participants retain their individual anniversary rating date, and own retro programs.
The PIP benefits from LCAP by including LCAP experience into group experience formula, positively impacting group rating. Coverage can be directly written by SAIF account reps or through SAIF-approved agents.