Time Insurance Company
We are revising our Renewal rates for policies TIM.POL.DC, 253, 554, JIM.POL.DC, and 376 in the District of Columbia. A comprehensive actuarial memorandum describing the assumptions underlying this rate filing has been included, as well as experience exhibits and rates.
This filing applies to grandfathered and non-grandfathered policies. Grandfathered plans are defined as plans effective March 23, 2010 or prior. Non-grandfathered plans are defined as plans effective after March 23, 2010.
The revised renewal rates will be effective on or after November 1, 2012, upon your approval.
Within the state, the average annualized increase for renewals under this form is -4%. The above increases do not include the effect of attained age increase or elected plan change upon renewal.