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9/18/08 |
Amendment to December 1, 2008 "F" Classification Filing - Bureau
Filing No.
0808.
For more detail refer to Bureau Circular No.
841.
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9/15/08 |
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9/08/08 |
STATUS OF OCTOBER 1, 2008
RESIDUAL MARKET RATE AND VOLUNTARY MARKET
LOSS COST FILING – BUREAU FILING
NO.0806 APPLICABLE TO NEW, RENEWAL AND ALL OUTSTANDING
POLICIES
The DCRB has issued Bureau
circular No. 840
updating members with respect to the status of the above filing.
A Decision and Order issued by the Department of Insurance on
August 15, 2008 and correspondence from the Bureau to the
Department of Insurance dated August 15, 2008 are included as
attachments to that Circular. Considerations pertaining to
carrier actions to implement rates based on Bureau rating values
are also discussed in the narrative of Bureau circular No. 840.
All members are encouraged to read this important
Circular. Further information will be provided as it
becomes available.
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9/03/08 |
TERRORISM
AND CATASTROPHES OTHER THAN CERTIFIED ACTS OF TERRORISM
Revised Basic Manual and
Statistical Plan
Language, Endorsement Forms
and Rating Values
EFFECTIVE SEPTEMBER
1, 2008
The Insurance Commissioner
has approved Bureau Filing No.0805.
The filing approval authorizes the use of two
endorsements as prepared by the National Council on Compensation
Insurance, Inc. (NCCI), along with pertinent Manual and
Statistical Plan language changes and the deletion of two
existing endorsements made obsolete by the enactment of TRIPRA
and/or the language contained in the proposed new endorsements.
For more detail refer to Bureau Circular No.
839.
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8/14/08 |
Delaware “Federal
(F)”-Classifications Filing
The DCRB has submitted a rating value
filing for Delaware “F”-Classifications with a proposed
effective date of December 1, 2008. That filing, Bureau
No.0808, proposes an
overall increase in collectible rate level of 16.49 percent in
assigned risk rates and an overall increase of 19.09 percent in
voluntary market loss costs. Tables of current and proposed December
1, 2008 rating values are provided with this circular for reference.
For more detail refer to Bureau Circular
838.
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8/14/08 |
The DCRB has submitted a filing of
revisions to Delaware’s Residual Market Plan, voluntary market loss
costs and related rating values with a proposed
effective date of December 1, 2008. That filing,
No.0807, proposes an
overall decrease in collectible rate level of 8.64 percent for the
Residual Market Plan and an overall decrease in collectible loss
costs of 10.03 percent for the voluntary market. For more detail
refer to Bureau Circular No.
837.
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8/13/08 |
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7/23/08 |
TERRORISM AND CATASTROPHES OTHER
THAN CERTIFIED ACTS OF TERRORISM
The DCRB has submitted a filing of
revised Basic Manual and Statistical Plan language, endorsement
forms and rating values proposed to become effective
for new and renewal policies with anniversary rating dates of
September 1, 2008 and later. For more detail refer to Bureau
Circular No. 835.
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6/9/08 |
FINAL REMINDER
- BUREAU ADDRESS CHANGE
As previously
announced in 2007 prior to the Bureau's move and reinforced by a
reminder earlier this year, a final reminder has been issued
regarding the Bureau's new address and the expiration of the
USPS forwarding order. For more detail refer to Bureau Circular
No. 834.
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5/16/08 |
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5/8/08 |
Effective August 1, 2008 - Basic
Manual Changes and Reformatting of Section 2
The Delaware Compensation Rating Bureau,
Inc. has filed and the Insurance Commissioner has approved a format
revision to the Basic Manual, housekeeping revisions to Sections 1
and 2 of the reformatted Manual, and a wording revision to the rule
pertaining to executive officers. For more detail refer to Bureau
Circular No. 833.
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5/8/08 |
Effective June 1, 2008 - Change to
Classification 818, Automobile Or Automobile Truck Dealer
The Delaware Compensation Rating Bureau,
Inc. has filed and the Insurance Commissioner has approved Manual
revisions to Sections 1, 2 and 5 pertaining to changes to Code 818,
Automobile Or Automobile Truck Dealer. For more detail refer to
Bureau Circular No. 832.
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3/24/08 |
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3/5/08 |
FINAL REMINDER
EFFECTIVE APRIL 1, 2008 -
DISCONTINUATION OF HARD COPY EXPERIENCE AND MERIT RATING WORKSHEETS
For more detail refer to Bureau
Circular No. 831.
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2/29/08 |
ENDORSEMENT FORMS IN RESPONSE TO
PROVISIONS OF THE TERRORISM RISK INSURANCE PROGRAM REAUTHORIZATION
ACT OF 2007 (TRIPRA)The
Department of Insurance has approved a number of endorsement forms
for use by all members. Bureau Circular No.
830 announced that
approval, provides copies of the approved forms, and informs all
members of important considerations related to policyholder notice
and disclosure accomplished by use of the approved forms. Also
please note:
The Bureau has
requested, and the Department of Insurance has granted, an exception
to prevailing filing requirements for the purposes of adopting these
endorsement forms. Members are advised that Delaware carriers will
be allowed to use these forms without submitting separate adoption
filings. This exception is limited only to this filing, and carriers
are advised that separate adoption filings are expected to be
required of carriers upon approval of subsequent Bureau filings.
For more detail refer to Bureau
Circular No. 830.
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1/11/08 |
REMINDER - BUREAU ADDRESS CHANGE
The Bureau is still receiving
substantial amounts of mail addressed to our old address, requiring
forwarding by the USPS. Please note the Bureau move to its new
office location was effective April 2, 2007. Bureau Circular No.
817, dated March 20,
2007, announced a change of address for the Bureau to:
United Plaza Building - Suite 1500
30 South 17th Street
Philadelphia, PA 19103-4007
For more detail refer to Bureau
Circular No. 829.
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12/19/07 |
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