§ 128.306. Claim costs.

Latest version.

(a)

Claim Costs shall be estimated based upon the sum of the following factors:

(1)

Projected Paid Loss of the Participant for the upcoming fiscal year;

(2)

Projected change in Case Reserves of the Participant for the upcoming fiscal year;

(3)

Each Participant's share of the projected unallocated loss adjustment expense (ULAE) reserve for future administrative costs of the Self-Insurance Program; and

(4)

Projected Incurred But Not Reported (IBNR) Claims Expense for the Participant for the upcoming year.

(Ord. 2018-380-E , § 2)

                    
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