A.M. Best Updates U.S. Health Supplemental Rating Questionnaire

OLDWICK, N.J.--(BUSINESS WIRE)-- A.M. Best has updated its 2015 statement year “Health Supplemental Rating Questionnaire” (orange book filers) (SRQ) in a few key areas. New this year, the majority of questions require consolidated group information that corresponds to A.M. Best’s rating units. These rating units represent either a single company or a group of several affiliated member companies that share a common rating assignment. In order to access the 2015 SRQ electronic product, companies will be asked to enter the organization’s A.M. Best rating unit number. Rating unit references can be found within the Best’s Insurance Reports, Best’s Rating Monitor and the company’s Galley Report.

With regard to changes affecting the specific questions in the SRQ, the areas affected include a breakout of reserves for individual and group long-term care and long-term disability, and the addition of effective asset and liability duration for long-term care and long-term disability products.

For the long-term care and long-term disability products, A.M. Best is requesting the reserves broken out by active reserve, asset adequacy reserve and claim reserve amounts for both individual and group policies in order to assess the various components of the reserves. Additionally for these products, A.M. Best is requesting effective asset and liability duration to review the asset liability matching for these specific products.

A copy of the new and revised SRQ questions can be accessed at: www.ambest.com/srq.

A.M. Best is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.

Copyright © 2016 by A.M. Best Company, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

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A.M. Best
Sally Rosen, 908-439-2200, ext. 5280
Vice President
[email protected]
or
Christopher Sharkey, 908-439-2200, ext. 5159
Manager, Public Relations
[email protected]
or
Jim Peavy, 908)-439-2200, ext. 5644
Assistant Vice President, Public Relations
[email protected]

Source: A.M. Best

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