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Old 04-20-2018, 10:06 AM
RockThatScoober RockThatScoober is offline
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Default What should be the premium base for Modeled Hurricane loss ratio?

The Florida RIF calculates the modeled hurricane loss ratio as modeled losses and LAE divided by in-force premium at CRL. Just want to understand why IF premium would be used instead of CLEP?
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Old 04-20-2018, 11:01 AM
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MightySchoop MightySchoop is offline
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Quote:
Originally Posted by RockThatScoober View Post
The Florida RIF calculates the modeled hurricane loss ratio as modeled losses and LAE divided by in-force premium at CRL. Just want to understand why IF premium would be used instead of CLEP?
Generally, the modeled hurricane losses are done on a snapshot of the business. If your hurricane model is run on your business that was in force on December 31, 2017, Florida wants to compare it to the premium supporting that same book of policies.
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