Private Passenger Automobile Insurance Rate Guide

Property and Casualty Bulletin Page 3 August 2009 SUMMARY OF REVISIONS – August 2009 edition The following are new: 1) For all rate guides, all information must be submitted in one file. There should be ONLY one file. Clarifying language is made on Page 5, Item 4. Thus the premiums for each guide should be on their own spreadsheet tab (page), and the contact information must be on another spreadsheet tab (or page), within the same excel file. 2) PPA scenarios #4 VIN changes has been updated. The new VIN is JTDKB20U07. The seventh digit was changed from a 2 to a 0. 3) Links and Macros – Some submissions include macros. Please remove all macros prior to submission. In addition, some submissions include links (to other external spreadsheets). Please break these links prior to submission. 4) Data and File Requirements section has been updated to reflect formatting requirements – especially contact information. Property and Casualty Bulletin Page 4 August 2009 PPA Excel Format All data must start in cell A2 of the spreadsheet. PLEASE use headers. Below lists the columns in which the data must be placed. The placement of data must conform to this or the submission will be returned. The data must be placed in the following columns: Column Description (A) NAIC Group Code (B) NAIC Company Code (C) Effective Date of rates (mm/dd/yyyy) for New Business (D) NAIC Company Name (NOT NAIC GROUP NAME) (E) Insert an asterisk (*) if credit history is used in rating, otherwise, leave blank. (F) Category of Risk (can vary by scenario). See page 1 of the PPA Rate Guide Scenarios. 1 - if Preferred/Better than average risk 2 - if Standard/Average risk 3 - if Non-Standard/Below average risk (G) Scenario Code (1 through 12) As defined in the PPA Rate Guide Scenarios. For each scenario code: (H) Annual Premium for zip code 21502 (I) Annual Premium for zip code 21401 (J) Annual Premium for zip code 21218 (K) Annual Premium for zip code 21117 (L) Annual Premium for zip code 20678 (M) Annual Premium for zip code 21629 (N) Annual Premium for zip code 21157 (O) Annual Premium for zip code 21921 (P) Annual Premium for zip code 20603 (Q) Annual Premium for zip code 21613 (R) Annual Premium for zip code 21701 (S) Annual Premium for zip code 21550 (T) Annual Premium for zip code 21014 (U) Annual Premium for zip code 21044 (V) Annual Premium for zip code 21620 (W) Annual Premium for zip code 20855 (X) Annual Premium for zip code 20769 (Y) Annual Premium for zip code 21617 (Z) Annual Premium for zip code 21853 (AA) Annual Premium for zip code 20650 (AB) Annual Premium for zip code 21601 (AC) Annual Premium for zip code 21740 (AD) Annual Premium for zip code 21804 (AE) Annual Premium for zip code 21811 Property and Casualty Bulletin Page 5 August 2009 DATA and FILE Requirements Requirements: 1) ALL ENTRIES MUST IN NUMERIC FORMAT, except for Columns D and E. Column C should be formatted in date format. 2) For columns where rates are not available, please fill in “n/a”. These columns start with Column (H) through as far as (AH) depending on the number of scenarios requested. 3) For the Premiums, use numeric format (zero decimal places). Round off to whole numbers. 4) All information MUST be in one file. Refer to the layout file. 5) Filing naming convention a) File name should contain NAIC group code (or NAIC Company code if group code is zero). Using company name is an acceptable alternative. b) File name should contain Aug09 or 0809 in it; b) There are no other specific requirements for naming convention. 6) Spreadsheet detail requirements: a) Arial font with font size of 12. Use default color of black; b) Do not use 1000 separator (i.e. comma); c) Premiums must be rounded to ZERO decimal places; d) Do not use currency format; e) Except for Company name and the asterisk for credit use, all other cells must be in numeric format. Do not use all caps for company name; f) Do not submit formulas; g) Row height is 12.75 (Excel default). Company name column width MUST be set to 34.14. Company name must fit within this setting. There are no specific width requirements for the remaining columns; h) Do not activate “Wrap Text”; i) Do not use borders or colored/highlighted cells; j) The Effective Date of Rates is to be formatted in date format. For any other formatting issue, use the Excel default parameters. 7) We allow companies to submit disclaimers to their submissions. Due to space limitations, please keep it brief. Place disclaimers on the same spreadsheet page as the premiums. Do not place any symbols next to premiums to explain a disclaimer. Property and Casualty Bulletin Page 6 August 2009 8) For the following information, create a new spreadsheet tab or page (not a file), and provide the following information (we encourage to name this tab Contact): Column A - Type of Guide (pre-filled) For each type of Guide (as contact info may vary). August 2009 updates are in italics. Column B - Contact Name (Required) Column C - Company Name (Required and must match the name on the spreadsheet page where the premiums are listed. Do not precede company name with the word The). Column D - Company Address 1 (can also be Department name) Column E - Company Address 2 Column F - City, State Zip (Note new format) Column G - Contact Phone number (Required - Format must be xxx-xxx-xxxx) Column H - Fax number (Optional) Column I - Email address of contact name. DO NOT SUBMIT THIS In HTML format. Text only. (Required) The following 2 items are required: Column J - An 800/888/866 (toll free) that your company uses for customer/consumer inquiries (Format must be xxx-xxx-xxxx). Column K - website address for customer/consumer inquiries. DO NOT SUBMIT in HTML format. Text only. (Format – do not use http://. Precede website name with www) For column I, if your company does not have a phone number for this purpose, please use the phrase “See Yellow Pages”. February 2009 1 PPA Rate Guide Scenarios August 2009 Provide premiums, effective August 1, 2009, based on the below listed scenarios and instructions for each designated zip code (county, city/town) by July 24, 2009. Provide the requested information in the excel format attached. Provide annual premiums for the insurer's rating territory that most closely corresponds to the town or city limits or to the zip code designated for that county. Counties for which forms are required; Designated cities or towns and Zip Codes: County City/Town Zip Code Allegany Anne Arundel Cumberland Annapolis 21502 21401 Not Applicable Baltimore City 21218 Baltimore Owings Mills 21117 Calvert Caroline Carroll Cecil Charles Dorchester Prince Frederick Denton Westminster Elkton Waldorf Cambridge 20678 21629 21157 21921 20603 21613 Frederick Garrett Frederick (City) Oakland 21701 21550 Harford Howard Kent Belair Columbia Chestertown 21014 21044 21620 Montgomery Rockville 20855 Prince George's Queen Anne’s Somerset Glenn Dale Centreville Princess Anne 20769 21617 21853 St. Mary's Talbot Washington Leonardtown Easton Hagerstown 20650 21601 21740 Wicomico Worcester Salisbury Berlin 21804 21811 If your company has multiple tiers, determine tier placement by the information provided in the rating scenarios. If a scenario does not provide sufficient information for tier placement, place the subject of the scenario in the middle or standard tier. Reference date point for surcharges and other date related items is August 1, 2009. The following abbreviations are used in this form: • "COMP" means comprehensive or other than collision coverage; • "PIP" means personal injury protection; and • "UM" means uninsured motorist coverage. • “COLL” means collision coverage Scenarios: For each scenario listed, provide the total annual policy premium (rounded off to whole dollars) in the format shown on the enclosed “PPA Excel Format”. The scenarios use ISO 10 digit VIN’s. If you do not use ISO VIN’s, use comparable VIN’s as appropriate. Otherwise, do not modify the scenarios. Scenario 1: Young Single Male Age 23. Rents an apartment. Do not apply companion policy discount. Drives a 2003 Honda CR-V EX UTL4x4 VIN SHSRD78803 If credit is used to determine premium, then calculate as if there was no credit history. Drives 15 miles each day total for work. Drives 15,000 miles annually. No accidents or violations in past 3 years. Liability $20,000/$40,000/$15,000 Full PIP $2,500 UM $20,000/$40,000/$15,000 COMP $250 deductible COLL $500 deductible February 2009 2 Scenario 2: Young Single Female Age 23. Rents an apartment. Do not apply companion policy discount. Drives a 2003 Jeep Liberty Limited UTL4x4 4DR VIN 1J4DL58K03 If credit is used to determine premium, then calculate as if there was no credit history. Drives 35 miles each way to/from work. Drives 15,000 miles annually. Speeding ticket 19 months – 10 miles over the speed limit. Liability $20,000/$40,000/$15,000 Full PIP $2,500 UM $20,000/$40,000/$15,000 COMP $250 deductible COLL $500 deductible Scenario 3: Single Male Age 30 Homeowner. Apply a companion homeowners policy discount. Drives a 2006 Subaru Forester 2.5x Premium AWD VIN JF1SG65606 If credit is used to determine premium, then calculate as if the driver has no credit history. Drives 50 miles each day total for work. Drives 25,000 miles annually. No accidents or violations in past 3 years. Liability $100,000/$300,000/$50,000 Limited PIP $2,500 UM $100,000/$300,000/$50,000 COMP $250 deductible COLL $500 deductible Scenario 4: Single Female Age 30 Homeowner. Apply a companion homeowners policy discount. Drives a 2007 Toyota Prius HCHBK VIN JTDKB20U07 If credit is used to determine premium, then calculate as if the driver has the best credit history. Drives 20 miles each way to/from work and 15,000 miles annually. No accidents or violations in the past 3 years. Liability $100,000/$300,000/$50,000 Limited PIP $2,500 UM $100,000/$300,000/$50,000 COMP $250 deductible COLL $500 deductible Scenario 5: Single Male Age 50. Homeowner. Apply a companion homeowners policy discount. Drives a 2005 Ford F-250 4x4 4DR VIN 1FTDW21505 Drives 60 miles each day total for work – business use. Drives 25,000 miles annually. Second vehicle – 1990 Camaro RS Convertible VIN 1G1FP33E0L Pleasure use only – drives 3000 miles per year. Garage kept If credit is used to determine premium, then calculate as if the driver has the best credit history. No accidents or violations in past 3 years. Liability $100,000/$300,000/$50,000 Limited PIP $2,500 UM $100,000/$300,000/$50,000 COMP $250 deductible COLL $500 deductible February 2009 3 Scenario 6: Senior Citizen Single Male Age 65. Homeowner. Apply a companion homeowners policy discount. Drives a 2001 Buick Regal GSW SED 4DR VIN 2G4WF55101 Drives 5000 miles a year If credit is used to determine premium, then calculate as if the driver has the best credit history. Retired – Pleasure use only. No accidents or violations in past 3 years. Liability $100,000/$300,000/$50,000 Limited PIP $2,500 UM $100,000/$300,000/$50,000 COMP $250 deductible COLL $500 deductible Scenario 7: Senior Citizen Single Female Age 65. Does not own a home. Do not apply any companion policy discount. Drives a 2004 Honda Accord Coupe LX VIN 1HGCM71304 If credit is used to determine premium, then calculate as if the driver has the best credit history. Retired – Pleasure use only – drives 5000 miles annually. No accidents or violations in past 3 years. Liability $100,000/$300,000/$50,000 Limited PIP $2,500 UM $100,000/$300,000/$50,000 COMP $250 deductible COLL $500 deductible Scenario 8: Family Rate Premiums given should include coverage for 2 vehicles and 3 drivers, with a multi-car discount and a companion homeowners discount, where available. Married Male Age 45 Drives a 2002 Jeep Grand Cerokee UTL4x2 4DR VIN 1J8GX48S02 If credit is used to determine premium, then calculate as if the driver has the best credit history. Drives 30 miles each way to/from work. Drives 20,000 miles annually. No accidents or violations in past 3 years. Liability $250,000/$500,000/$100,000 Limited PIP $2,500 UM $250,000/$500,000/$100,000 COMP $250 deductible COLL $500 deductible Married Female Age 45 Drives a 2005 Dodge Caravan SE 4x2 VIN 1D4FP25R05 If credit is used to determine premium, then calculate as if the driver has the best credit history. Drives 15 miles each day total for work. Drives 15,000 miles annually. No accidents or violations in past 3 years. Liability $250,000/$500,000/$100,000 Limited PIP $2,500 UM $250,000/$500,000/$100,000 COMP $250 deductible COLL $500 deductible Young Single Male Age 17 Does not have his own vehicle—he is an occasional driver of the 2005 Dodge. Has 1 year of driving experience. Took a driver training course. Has a B average in school. Speeding ticket 6 months ago – 10 miles over the speed limit. February 2009 4 Scenario 9: Family Rate Premiums given should include coverage for 2 vehicles and 2 drivers, with a multi-car discount and a companion homeowners discount, where available. Married Male Age 35. Homeowner. Drives a 2004 Dodge Durango LTD UTL4x4 4DR VIN 1D8HB58D04 If credit is used to determine premium, then calculate as if the driver has the best credit history. Drives 45 miles each day total for work. Drives 35,000 miles annually. Self-employed. No accidents or violations in past 3 years. Liability $250,000/$500,000/$100,000 Limited PIP $2,500 UM $250,000/$500,000/$100,000 COMP $250 deductible COLL $500 deductible Married Female Age 32. Homeowner. Drives a 2005 Nissan Altima 4DR VIN 1N4AL11D05 If credit is used to determine premium, then calculate as if the driver has the best credit history. Drives 10 miles each way to/from work. Drives 15,000 miles annually. No accidents or violations in past 3 years. Liability $250,000/$500,000/$100,000 Limited PIP $2,500 UM $250,000/$500,000/$100,000 COMP $250 deductible COLL $500 deductible Two children under age 12 Scenario 10: Family Rate Premiums given should include coverage for 2 vehicles and 2 drivers, with a multi-car discount and a companion homeowners discount, where available. Married Male Age 26. Homeowner. Drives a 2004 Chevrolet S-10 PKP 4x4 4DR VIN 1GCHT13X04 If credit is used to determine premium, then calculate as if the driver has the best credit history. Drives 10 miles each way to/from work. Drives 20,000 miles annually. No accidents or violations in past 3 years. Liability $250,000/$500,000/$100,000 Limited PIP $2,500 UM $250,000/$500,000/$100,000 COMP $250 deductible COLL $500 deductible Married Female Age 24. Homeowner. Drives a 2006 Toyota Sienna Wag 4x2 VIN 5TDZA23C06 If credit is used to determine premium, then calculate as if the driver has the best credit history. Does not work, but drives locally about 5,000 miles annually. No accidents or violations in past 3 years. Liability $250,000/$500,000/$100,000 Limited PIP $2,500 UM $250,000/$500,000/$100,000 COMP $250 deductible COLL $500 deductible One child under age 2. February 2009 5 Scenario 11: Family Rate Premiums given should include coverage for 2 vehicles and 2 drivers, with a multi-car discount. Do not apply a companion policy discount. Married Male Age 29. Rents a home. Drives a 2000 Chevrolet Silverado 1500 PKP 4x2 2DR VIN 1GCCC14V0Y If credit is used to determine premium, then calculate as if the driver has no credit history. Drives 20 miles each way to/from work. Drives 15,000 miles annually. No accidents or violations in past 3 years. Liability $20,000/$40,000/$15,000 Limited PIP $2,500 UM $20,000/$40,000/$15,000 COMP $250 deductible COLL $500 deductible Married Female Age 29. Rents a home. Drives a 2000 Ford Taurus SE WAG 4DR VIN 1FAFP58S0Y If credit is used to determine premium, then calculate as if the driver has no credit history. Works part time, but drives 5,000 miles annually. No accidents or violations in past 3 years. Liability $20,000/$40,000/$15,000 Limited PIP $2,500 UM $20,000/$40,000/$15,000 COMP $250 deductible COLL $500 deductible Two children under age 12 Scenario 12: Family Rate Premiums given should include coverage for 2 vehicles and 2 drivers, with a multi-car discount and a companion homeowners discount, where available. Married Male Age 39. Homeowner. Drives a 2008 Chevy Tahoe Hybrid UTL 4x4 4DR VIN 1GN0K13508 If credit is used to determine premium, then calculate as if the driver has the worst credit history. Drives 30 miles each way to/from work. Drives 35,000 miles annually. Self-employed. One at fault accident 15 months ago – paid claim in excess of $10,000. Liability $100,000/$300,000/$50,000 Limited PIP $2,500 UM $100,000/$300,000/$50,000 COMP $250 deductible COLL $500 deductible Married Female Age 39. Homeowner. Drives a 2005 Toyota Camry VIN 4T1BE30K15 If credit is used to determine premium, then calculate as if the driver has the worst credit history. Does not work, but drives locally about 5000 miles annually. No accidents or violations in past 3 years. Liability $100,000/$300,000/$50,000 Limited PIP $2,500 UM $100,000/$300,000/$50,000 COMP $250 deductible COLL $500 deductible Two children under age 14.