Spreadsheet: 072799b0-6577-4f00-bb02-d40825262259
Sheet: INT-Home

Interrogatories | INT-Home
1. Is this filing the initial rate filing for this program?
1a. If Yes, only complete the EXP-Home Exhibit and provide a competitive analysis establishing that the proposed rates are neither excessive nor inadequate (Include at least 3 Competitor Rates and your Proposed Rates).
1b. If No, complete all attached exhibits and provide the six digit State Tracking Number(s) of your last rate filing.
2. Is this filing being submitted under the File and Use provision? (The File and Use provision can be used if the filing type is [NAME] or Rate/Rule, if the Overall Total Change is within +/-7.0%, and if the File and Use provision has not been used in the 12 months prior to the proposed Renewal effective date).
2a. Does this filing result in a cumulative rate increase greater than +25% for any individual policyholder?  If so, then this filing will not be approved.
2b. It is assumed the rates proposed in this filing will be in effect for one year.  Please advise if this is not the case and provide further explanation.
3. What is the name of the [NAME] that prepared this filing?
3a. List Actuarial Organizations of which the [NAME] is a member as well as applicable designations.
3b. Identify any items in this rate filing for which the [NAME] is not responsible.
3c. Confirm that the filing complies with the following Actuarial Standards of Practice: Nos. 12, 13, 23, 25, 29, 30, 38, 39, 41, 43.
3d. If an [NAME] did not prepare this filing, provide the name, title, and contact information of the party responsible for the filing's accuracy, assumptions, calculations, and content.
4. Confirm that the Notes section at the bottom of each exhibit were followed when completing each exhibit.
5. Have you changed any of your Rate Level Indication calculation methodologies since your last filing?
5a. If Yes, support your change in methodologies.
6. Confirm that a copy of the actual Insurance Expense Exhibit, as submitted with the Annual Statement, has been submitted with this filing.
7. Does this program market to coastal properties?
7a. Do you currently write with wind in the area covered by the SC Wind & Hail Underwriting Association?
8. What catastrophe model(s) and the version number(s) is used in this filing?
9. Are you proposing to introduce any new element(s) (rating variable, discount, etc.) to your rating plan with this filing?
9a. If Yes, then list the proposed new element(s) in your rating plan.
10. Do any of your proposed changes create “multiple rating plans” (charging different rates for risks with the same rating characteristics)?
10a. If Yes, then provide the proposed multiple rating plan details (The Department may approve multiple rating plans if a transition plan is approved).
11. Does this program use credit based insurance score information for rating and/or underwriting tier assignment purposes?
11a. If Yes, provide the name of the model used.
11b. If Yes, confirm that no hit/no score factors equal 1.00.
12. How was the PI-Home Exhibit computed? (Actual re-rate of policies, Estimate based on distributions, etc)
12a. If the exhibit was computed by an actual re-rate of policies, confirm that 100% of policies were re-rated.
13. Are you proposing rate capping with this filing?
13a. If yes, then provide the proposed rate capping details (the Department may approve a one-term cap).