Rule 19-2-11.07 - Experience Refund Agreement- Exhibit BEXPERIENCE REFUND AGREEMENT
1. Net written premiums _______________________2. Premium Reserves - beginning of period _______________________3. Premium Reserves - end of period _______________________4. Earned premiums [1+2-3] _______________________5. Claims paid _______________________6. Claims due and unpaid and in course of settlement - Beginning of period _______________________ 7. Claims due and unpaid and in course of settlement - End of period _______________________ 8. Claims incurred but not reported - beginning of period _______________________9. Claims incurred but not reported - end of period _______________________10. Present value of claims not yet due - beginning of period _______________________11. Present value of claims not yet due - end of period _______________________12. Incurred claims [5-6+7-8+9-10+11] _______________________13. Premium taxes paid _______________________14. Premium taxes due and unpaid - beginning of period _______________________15. Premium taxes due and unpaid - end of period _______________________16. Earned premium taxes [13-14+15] _______________________17. Compensation paid or earned during period _______________________18. Expenses Incurred _______________________19. Experience refund receivable from prior year _______________________20. UNDERWRITING PROFIT DUE [4-12-16-17-18-19] _______________________21. Percentage due Agent _______________________ 22. EXPERIENCE REFUND DUE [20x11] _______________________19 Miss. Code. R. 2-11.07
Miss. Code Ann. § 83-53-29 (Supp. 2014)