My tiering and/or rating algorithm uses several variables, some of which are not addressed in the data call instructions. What value do I assign to these variables?
If an insurer uses several variables to determine tier selection, then the insurer should refer to the call instructions on how to treat other variables which may be included in an insurer’s tiering structure. For variables that are not specifically mentioned in the call instructions, insurers should call TDI to discuss.
Related Questions
- Since the Data Call instructions for capturing exposure data and developing the audit file specifications do not require a premium to be reported, is the premium amount required for audit purposes?
- My tiering and/or rating algorithm uses several variables, some of which are not addressed in the data call instructions. What value do I assign to these variables?
- should the price of the medium, including the cost of data and instructions recorded on the same, be taken as the value?
