Gillam Snader, Related Topics推荐.pdf

2014-CAS8 §18 Gillam Snader, Other Topics HCM 5/13/14, Page 1103 Section 18, Gillam Snader, Part 3, Related Topics806 807 Outline of Gillam and Snader: Part 1. Experience Rating Part 2. Retrospective Rating Part 3. Related Topics A. Deductible and Excess Insurance 1. The Loss Elimination Ratio 2. Discount Formula for Deductible Coverage808 3. Discount Formula for Excess Coverage809 a. Case 1 b. Case 2 4. Higher Optional Deductibles810 B. Workers Compensation Ex-Medical Coverage 1. Basic Assumptions 2. The Ex-Medical Discount 3. Adjustment Under Retrospective Rating More important sections and items in bold. Less important sections and items in italics. 806 “Fundamentals of Individual Risk Rating” by William R. Gillam and Richard H. Snader. For Part 3, see CAS Learning Objective: B7. 807 Parts 1 and 2 are covered in previous sections of this study guide. 808 See also “Study Note Reading on Deductibles,” by Brian Z. Brown Michael C. Schmitz, formerly on the Exam 5 syllabus. 809 It is better to study the pricing of Excess Policies out of the syllabus reading by Teng. 810 See the syllabus reading by Teng. 2014-CAS8 §18 Gillam Snader, Other Topics HCM 5/13/14, Page 1104 Formulas and Ideas, Gillam Snader, Related Topics: Deductibles for liability insurance: usually smaller retentions. The insurer settles all losses, and indemnifies the insured for losses in excess of the retention. Excess liability insurance: higher retentions, for risks wanting to self-insure the majority of claims. The insurer is only responsible for investigating and settling claims whic