Time Insurance Company
This is the annual rate filing for forms 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 non-grandfathered plans will be discontinued as of their first plan year/renewal dates on or after January 1, 2014.
The revised rates will be effective on or after December 1, 2013, upon your approval.
Within the state, the average annualized increase for renewals under these forms is 0%. The above increase does not include the effect of attained age increase or elected plan change upon renewal.
As of September 30, 2013, there were 449 policies in force with $1,520,749 in annualized premium in the state, under the forms included within this filing.