§431:14-101.5  Definitions.  As used in
this article, unless the context otherwise requires:



"Developed losses" means losses
(including loss adjustment expenses) adjusted, using standard actuarial
techniques, to eliminate the effect of differences between current payment or
reserve estimates and those needed to provide actual ultimate loss (including
loss adjustment expense) payments.



"Expenses" means that portion of a
rate attributable to acquisition, field supervision, collection expenses,
general expenses, taxes, licenses, and fees; provided that no tax credit
received by any insurer under section 431:7-207 shall reduce the expenses of
the insurer for purposes of determining the insurer's rate under this article
for the first year of any insurer's rate which is approved pursuant to this
article and for which the insurer submits before July 1, 1993, a filing
pursuant to the applicable sections of this code to modify the rate in
existence on June 30, 1992.



"Loss trending" means any procedure
for projecting developed losses to the average date of loss for the period
during which the policies are to be effective.



"Prospective loss costs" means that
portion of a rate that does not include provisions for expenses (other than
loss adjustment expenses) or profit, and are based on historical aggregate
losses and loss adjustment expenses adjusted through development to their
ultimate value and projected through trending to a future point in time.



"Rate" means that cost of insurance
per exposure unit whether expressed as a single number or as a prospective loss
cost with an adjustment to account for the treatment of expenses, profit, and
individual insurer variation in loss experience, prior to any application of
individual risk variations based on loss or expense considerations, and does
not include minimum premium.



"Supplementary rating information"
includes any manual or plan of rates, classification, rating schedule, minimum
premium, policy fee, rating rule, underwriting rule, statistical plan, and any
other similar information needed to determine the applicable rate in effect or
to be in effect.



"Supporting information" means:



(1)  The experience and judgment of the filer and the
experience or data of other insurers, rating organizations, or advisory
organizations relied on by the filer;



(2)  The interpretation of any other data relied upon
by the filer; and



(3)  Descriptions of methods used in making the rates,
and any other information required by the commissioner to be filed. [L 1990, c
255, §1; am L 1992, c 236, §8]