Reporting Form for the Calculation of Benchmark Ratio Since Inception for Individual Policies - Delaware

Reporting Form for the Calculation of Benchmark Ratio Since Inception for Individual Policies is a legal document that was released by the Delaware Department of Insurance - a government authority operating within Delaware.

FAQ

Q: What is the purpose of the Reporting Form for the Calculation of Benchmark Ratio Since Inception for Individual Policies?
A: The purpose of the reporting form is to calculate the benchmark ratio for individual policies in Delaware.

Q: What is the benchmark ratio?
A: The benchmark ratio is a measure of the insurer's loss experience relative to a standard benchmark.

Q: Who is required to submit this reporting form?
A: Insurers who write individual policies in Delaware are required to submit this form.

Q: What information is required in this reporting form?
A: The form requires insurers to provide policy-level data for individual policies written in Delaware.

Q: How often should this reporting form be submitted?
A: The reporting form should be submitted annually.

Q: Is this reporting form applicable to group policies?
A: No, this reporting form is only applicable to individual policies.

Q: Is there a deadline for submitting this reporting form?
A: Yes, insurers must submit the reporting form by a specified deadline set by the Delaware Department of Insurance.

Q: What happens if an insurer fails to submit this reporting form?
A: Failure to submit the reporting form may result in penalties or other enforcement actions by the Delaware Department of Insurance.