Frequently Asked Questions: Rate
Topic
SELF History
Coverage Documents
Average District Attendance
WC Assessment Invoice Calculations
Rate
Annual SELF Underwriting Questionnaire

 


What are the rates for SELF's Excess Liability Program for the 2007/2008 fiscal year ?

The Excess Liability Program rates for 2007/2008 are as follows: $19m X $1m = $7.837/ADA; $15m X $5m = $1.985/ADA; Non-ADA = $1,500; Foundations with attachment at $1m = $0.16/$100 payroll; Foundations with attachment at $5m = $0.04/$100 payroll. .

 

 

I don't see my coverage layer in those rates? What happened to the $14m X $1m layer?

At its March meeting the board voted to raise the core limits from $15 million per occurrance to $20 million per occurance effective with the July 1, 2006 renewal. As a result, the $14 million in excess of $1 million layer effectively has become the $19 million in excess of $1 million layer, and the $10 million in excess of $5 million layer has become $15 million in excess of $5 million.

 

What are the rates for the Excess Workers' Compensation Program for 2007/2008?

The pooled rates for the Excess Workers' Comp Program were approved in March however, the 2006/2007 rates will also be subject to a loss experience modifier and therefore actual premium cost may be higher or lower depending on the individual member.

The rates are as follows: $350,000 SIR - $0.3702/Per $100 payroll; $500,000 SIR - $0.3011/Per $100 payroll; $750,000 SIR - $0.2321/Per $100 payroll; $1M SIR - $0.1794/Per $100 payroll

 

What about the rates for the Optional Excess Liability Program?

The Optional Excess Liability Program rates for the 2007/2008 fiscal year are as follows:

$5m X $20m = $0.1487/ADA

$20m X $25m = $0.2412/ADA.

$5m X $45m - $0.0947/ADA