|
| (1) Payroll in $ millions (\(e^{\delta_{{shr}}}\)) |
|
|
Hazard Group |
| Policy Period |
A |
B |
C |
D |
E |
F |
G |
| 5/1/11–4/30/12 |
953 |
3,388 |
15,369 |
3,376 |
6,203 |
1,978 |
597 |
| 5/1/10–4/30/11 |
944 |
3,290 |
15,104 |
3,293 |
5,940 |
1,854 |
627 |
| 5/1/09–4/30/10 |
921 |
3,245 |
14,332 |
3,142 |
5,695 |
1,862 |
593 |
| 5/1/08–4/30/09 |
921 |
3,217 |
14,080 |
3,072 |
5,450 |
1,813 |
570 |
| 5/1/07–4/30/08 |
911 |
3,288 |
14,546 |
3,119 |
5,678 |
1,885 |
568 |
|
| (2) Factors for policy period (\(\rho_{r}\)) |
|
| Policy Period |
Factors for Policy Period (ρr
) |
| 5/1/11–4/30/12 |
1.000 |
| 5/1/10–4/30/11 |
1.051 |
| 5/1/09–4/30/10 |
1.089 |
| 5/1/08–4/30/09 |
1.102 |
| 5/1/07–4/30/08 |
1.205 |
|
| (3) Adjusted payroll = (1) x (2) |
|
|
Hazard Group |
|
A |
B |
C |
D |
E |
F |
G |
| Adjusted payroll ($ millions) |
5,060 |
17,885 |
79,893 |
17,402 |
31,495 |
10,224 |
3,214 |
|
| (4) State factor (\(\xi_{s})\) |
|
| State Factor (ξs
) |
| 0.900 |
|
| (5) Factor for interaction between state and hazard group (\(\omega_{{sh}}\)) |
|
|
Hazard Group |
|
A |
B |
C |
D |
E |
F |
G |
| Relativity |
1.293 |
1.139 |
1.112 |
0.984 |
0.961 |
0.820 |
0.787 |
|
| (6) Claim group frequency (\(\gamma_{g}\)) |
|
| Claim Group |
Claims per $ Million Payroll (γg
) |
| Fatal |
0.00032 |
| Likely PP/TT |
0.05770 |
| Not likely PP/TT |
0.29446 |
|
| (7) Factor for hazard group specific to claim group (\(\eta_{{hg}}\)) |
|
|
Hazard Group |
| Claim Group |
A |
B |
C |
D |
E |
F |
G |
| Fatal |
1.000 |
0.984 |
0.769 |
2.459 |
3.224 |
10.672 |
16.531 |
| Likely PP/TT |
1.000 |
0.741 |
0.371 |
0.699 |
0.628 |
1.390 |
1.313 |
| Not likely PP/TT |
1.000 |
0.743 |
0.374 |
0.701 |
0.631 |
1.386 |
1.310 |
|
| (8) Factor for interaction between state and claim group (\(\psi_{{sg}}\)) |
|
| Claim Group |
Claim Group Factor (ψg
) |
| Fatal |
1.261 |
| Likely PP/TT |
0.900 |
| Not likely PP/TT |
0.881 |
|
| (9) Expected number of claims by claim group and hazard group = (3) x (4) x (5) x (6) x (7) x (8) |
|
|
Hazard Group |
| Claim Group |
A |
B |
C |
D |
E |
F |
G |
| Fatal |
2.341 |
7.172 |
24.440 |
15.075 |
34.933 |
32.010 |
14.972 |
| Likely PP/TT |
306 |
705 |
1,539 |
560 |
889 |
544 |
155 |
| Not likely PP/TT |
1,528 |
3,535 |
7,756 |
2,806 |
4,459 |
2,714 |
775 |