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WC
Results
Premium
Minimum
Premium
The
minimum premium calculation: class rate X minimum premium
multiplier + expense constant
The
minimum premium multiplier and expense constant are updated
with each annual advisory rate filing and can be found
on the Indiana Summary, part IV. Summary of Miscellaneous
Changes.
| Effective
Date |
Class
Rate
|
MP
Mult
|
Expense
Constant
|
MP
Max
|
| 1/1/1996 |
$x.xx
|
175
|
160
|
$750
|
| 1/1/1997 |
$x.xx
|
185
|
180
|
$750
|
| 1/1/1998 |
$x.xx
|
195
|
200
|
$750
|
| 1/1/1999 |
$x.xx
|
205
|
220
|
$750
|
| 1/1/2000 |
$x.xx
|
215
|
230
|
$750
|
| 1/1/2001 |
$x.xx |
225 |
240 |
$750 |
| 1/1/2002 |
$x.xx |
235 |
240 |
$750 |
| 1/1/2003 |
$x.xx |
245 |
250 |
$750 |
| 1/1/2004 |
$x.xx |
255 |
250 |
$750 |
| 1/1/2005 |
$x.xx |
265 |
250 |
$750 |
| 1/1/2006 |
$x.xx |
275 |
250 |
$1,000 |
| 1/1/2007 |
$x.xx |
285 |
250 |
$1,000 |
Note:
Some minimum premium policies can be canceled pro-rata.
Refer to Basic Manual Rule X.B.4.
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ICRB
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Indianapolis, IN 46250
P.O. Box 50400
icrb@icrb.net
800.622.4208
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