PROCEEDINGS May 15, 16, 17, 18, 2005 - Casualty Actuarial Society

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712 INCORPORATION OF FIXED EXPENSESEXHIBIT 2-BCompanyState XX HomeownersProjected Fixed and Variable Expense Provisions:Proposed MethodFixedVariable(1) General Expenses $36.01 1.5%(2) Other Acquisition Expenses $55.28 2.2%(3) Taxes, Licenses and Fees $1.99 2.1%(4) Commission and Brokerage Expenses $– 13.5%(5) Total $93.28 19.3%EXHIBIT 2-CCompanyState XX HomeownersCalculation of Indicated Rate Change:Proposed Method(1) Statewide Projected Average Premium at Present Rates* $850.59(2) Statewide Projected Loss and LAE Ratio 64.7%(3) Statewide Projected Average Loss and LAE [(1) £ (2)] $550.33(4) Projected Average Fixed Expense Per Exposure $93.28(5) Variable Expense Provision 19.3%(6) Profit and Contingencies Provision 5.0%(7) Variable Permissible Loss Ratio [100% ¡ (5) ¡ (6)] 75.7%(8) Statewide Projected Average Required Premium [(3) + (4)]=(7) $850.21(9) Indicated Rate Change (8)=(1) ¡ 100% 0.0%*Countrywide data were used in the example.
INCORPORATION OF FIXED EXPENSES 713EXHIBIT 2-DCompanyState XX HomeownersCalculation of Proposed Expense Fee:Proposed Method(1) Total Projected Average Fixed Expense Per Exposure $93.28(2) Variable Expense Provision 19.3%(3) Profit and Contingencies Provision 5.0%(4) Proposed Expense Fee [(1)]=[100% ¡ (2) ¡ (3)] $123.22
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VOLUME XCII NUMBERS 176 and 177PROC
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FOREWORDActuarial science originate
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2005 PROCEEDINGSCONTENTS OF VOLUME
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2005 PROCEEDINGSCONTENTS OF VOLUME
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Editorial Committee, Proceedings Ed
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2 AN EXAMINATION OF THE INFLUENCE O
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10 AN EXAMINATION OF THE INFLUENCE
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AN EXAMINATION OF THE INFLUENCE OF
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RISKINESS LEVERAGE MODELSRODNEY KRE
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RISKINESS LEVERAGE MODELS 33There a
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RISKINESS LEVERAGE MODELS 35where f
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RISKINESS LEVERAGE MODELS 37where a
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RISKINESS LEVERAGE MODELS 39Various
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RISKINESS LEVERAGE MODELS 41Then, f
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RISKINESS LEVERAGE MODELS 43This fo
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RISKINESS LEVERAGE MODELS 47differe
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RISKINESS LEVERAGE MODELS 49The las
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RISKINESS LEVERAGE MODELS 51ple. Th
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RISKINESS LEVERAGE MODELS 53the TVA
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RISKINESS LEVERAGE MODELS 55We also
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RISKINESS LEVERAGE MODELS 57Mean Va
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RISKINESS LEVERAGE MODELS 59APPENDI
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DISCUSSION OF A PAPER PRESENTED AT
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RISKINESS LEVERAGE MODELS 63known t
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RISKINESS LEVERAGE MODELS 65to be a
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RISKINESS LEVERAGE MODELS 67implies
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RISKINESS LEVERAGE MODELS 69bad res
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RISKINESS LEVERAGE MODELS 71a maxim
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RISKINESS LEVERAGE MODELS 734. INTE
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RISKINESS LEVERAGE MODELS 75the two
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RISKINESS LEVERAGE MODELS 77that a
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RISKINESS LEVERAGE MODELS 79REFEREN
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RISKINESS LEVERAGE MODELS 81EXHIBIT
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RISKINESS LEVERAGE MODELS 83
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WHY LARGER RISKS HAVE SMALLER INSUR
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ADDRESS TO NEW MEMBERS 151ateship a
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ADDRESS TO NEW MEMBERS 153You shoul
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ADDRESS TO NEW MEMBERS 155strength
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MINUTES OF THE 2005 CAS SPRING MEET
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MINUTES OF THE 2005 SPRING MEETING
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Volume XCII, Part 2 No. 177PROCEEDI
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MODELING FINANCIAL SCENARIOS 179Bab
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MODELING FINANCIAL SCENARIOS 181tur
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MODELING FINANCIAL SCENARIOS 183the
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MODELING FINANCIAL SCENARIOS 185Ho
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MODELING FINANCIAL SCENARIOS 187rat
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MODELING FINANCIAL SCENARIOS 189sto
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MODELING FINANCIAL SCENARIOS 193Dyn
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MODELING FINANCIAL SCENARIOS 203ide
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MODELING FINANCIAL SCENARIOS 207mod
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MODELING FINANCIAL SCENARIOS 209TAB
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MODELING FINANCIAL SCENARIOS 213FIG
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MODELING FINANCIAL SCENARIOS 215str
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MODELING FINANCIAL SCENARIOS 223are
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MODELING FINANCIAL SCENARIOS 233ete
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MODELING FINANCIAL SCENARIOS 235[10
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MODELING FINANCIAL SCENARIOS 237[30
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WHEN CAN ACCIDENT YEARS BE REGARDED
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THE APPLICATION OF FUNDAMENTAL VALU
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A NEW METHOD OF ESTIMATING LOSS RES
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ARCHITECTURE FOR RESIDENTIAL PROPER
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ESTIMATING THE WORKERS COMPENSATION
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REPORT OF THE VICE PRESIDENT—ADMI
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REPORT OF THE VICE PRESIDENT-ADMINI
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2005 EXAMINATIONS—SUCCESSFUL CAND
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OBITUARIESROBERT GRANT ESPIECLYDE H
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OBITUARIES 825SIDNEY M. HAMMER1931
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OBITUARIES 827J. GARY LaROSE1947—
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OBITUARIES 829PAUL J. SCHEEL SR.193
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OBITUARIES 831LEO M. STANKUSCirca 1
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INDEX TO VOLUME XCIIPage2005 EXAMIN
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835GRAVES, CLYDE H.INDEX—CONTINUE
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837INDEX—CONTINUEDREPORT OF THE V
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PROCEEDINGS May 15, 16, 17, 18, 2005 - Casualty Actuarial Society

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