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

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

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

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

"Prospective loss costs" means thatportion of a rate that does not include provisions for expenses (other thanloss adjustment expenses) or profit, and are based on historical aggregatelosses and loss adjustment expenses adjusted through development to theirultimate value and projected through trending to a future point in time.

"Rate" means that cost of insuranceper exposure unit whether expressed as a single number or as a prospective losscost with an adjustment to account for the treatment of expenses, profit, andindividual insurer variation in loss experience, prior to any application ofindividual risk variations based on loss or expense considerations, and doesnot include minimum premium.

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

"Supporting information" means:

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

(2)  The interpretation of any other data relied uponby 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, c255, §1; am L 1992, c 236, §8]