Did you know...............
Changes to child age ratings between 15-20 for 2018 are throwing any premium forecasting out of whack. These are in addition to any normal rate increases. It is meant to gradually level off the "cliff" experienced at age 21 right now, which goes up 50+% currently.
0-14 = 17% rate increase. (.65 to .765)
15 yr old = 28% (.65 to .833)
18 yr old = 40% (.65 to .913)
http://ift.tt/2ez4RWu
PAGE 4 TABLE
Appendix I - Federal default standard age curve
PREMIUM PREMIUM PREMIUM AGE AGE AGE RATIO RATIO RATIO
0-14 0
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Changes to child age ratings between 15-20 for 2018 are throwing any premium forecasting out of whack. These are in addition to any normal rate increases. It is meant to gradually level off the "cliff" experienced at age 21 right now, which goes up 50+% currently.
0-14 = 17% rate increase. (.65 to .765)
15 yr old = 28% (.65 to .833)
18 yr old = 40% (.65 to .913)
http://ift.tt/2ez4RWu
PAGE 4 TABLE
Appendix I - Federal default standard age curve
PREMIUM PREMIUM PREMIUM AGE AGE AGE RATIO RATIO RATIO
0-14 0
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