R37-1-6. Premium Establishment  


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  • In addition to other actuarially sound factors, the Risk Manager may use the following in determining the appropriate premiums for coverage provided to each covered entity:

    (1) Entity efforts at exposure management including completion of self-inspection surveys, employee training, agency attendance at Fund-sponsored seminars, agency risk control meetings, risk-related policy development and implementation, etc.

    (2) Entity accidents, claims and loss history.

    (3) Recent state and federal statutes or court decisions affecting covered entities and operations.

    (4) Number of employees in the entity and size of the entity's budget.

    (5) Value, protection and other characteristics of the entity's buildings and contents.

    (6) Number, type, and value of entity vehicles.

    (7) Entity operations and activities.

    (8) Actuarial studies.