[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-1-en-105":3,"doc-seo-249133-105":53,"doc-detail-249133-en":126},{"code":4,"msg":5,"data":6},0,"success",[7,14,19,24,29,34,39,44,49],{"id":8,"doc_module":9,"doc_module_name":10,"category_name":11,"show_sort_weight":12,"slug":13},11,1,"Template","Presentations",90,"presentations",{"id":15,"doc_module":9,"doc_module_name":10,"category_name":16,"show_sort_weight":17,"slug":18},12,"Resumes",80,"resumes",{"id":20,"doc_module":9,"doc_module_name":10,"category_name":21,"show_sort_weight":22,"slug":23},14,"Invoices",70,"invoices",{"id":25,"doc_module":9,"doc_module_name":10,"category_name":26,"show_sort_weight":27,"slug":28},15,"Posters",60,"posters",{"id":30,"doc_module":9,"doc_module_name":10,"category_name":31,"show_sort_weight":32,"slug":33},16,"Social Media",50,"social-media",{"id":35,"doc_module":9,"doc_module_name":10,"category_name":36,"show_sort_weight":37,"slug":38},17,"Forms",40,"forms",{"id":40,"doc_module":9,"doc_module_name":10,"category_name":41,"show_sort_weight":42,"slug":43},18,"Letters",30,"letters",{"id":45,"doc_module":9,"doc_module_name":10,"category_name":46,"show_sort_weight":47,"slug":48},21,"Paper Templates",5,"papers-templates",{"id":50,"doc_module":9,"doc_module_name":10,"category_name":51,"show_sort_weight":4,"slug":52},158,"General","general-158",{"code":4,"msg":54,"data":55},"ok",{"site_id":56,"language":57,"slug":58,"title":59,"keywords":60,"description":61,"schema_data":62,"social_meta":119,"head_meta":121,"extra_data":123,"updated_unix":125},105,"en","montana-ltc-rate-increase-checklist-v4-1-submission-requirements","Montana LTC Rate Increase Checklist - v4-1 - Submission requirements","","Montana LTC rate increase filings require using provided Excel templates and keeping all formulas active. The actuarial memorandum must align with applicable Actuarial Standards of Practice, include premium rate tables, and present comprehensive filing information, including separate treatment of business issued before and after January 1, 2009, policyholder impact by form, assumption change summaries, and detailed analysis for lapses, mortality, and morbidity with actual-to-expected comparisons. Loss ratio exhibits must be updated using defined historical and projected substitutions, including scenarios with and without the requested increase and Montana-only results, plus rate stability regulation requirements for later-issue policies.",{"@graph":63,"@context":118},[64,80,101],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":36,"@type":70,"position":76},"https://docshare.wps.com/template/forms/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/montana-ltc-rate-increase-checklist-v4-1-submission-requirements/249133/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/montana-ltc-rate-increase-checklist-v4-1-submission-requirements/249133.png","ImageObject",442,249,{"name":88,"@type":89},"Jordan Avery","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-10-23","2026-09-12",true,{"@type":98,"interactionType":99,"userInteractionCount":47},"InteractionCounter",{"@type":100},"ViewAction",{"@type":102,"mainEntity":103},"FAQPage",[104,110,114],{"name":105,"@type":106,"acceptedAnswer":107},"What must be included in the actuarial memorandum for a Montana LTC premium rate increase filing?","Question",{"text":108,"@type":109},"The actuarial memorandum must be consistent with applicable Actuarial Standards of Practice, include premium rate tables, and provide required submission exhibits and supporting analyses such as assumptions and actual-to-expected results for lapses, mortality, and morbidity.","Answer",{"name":111,"@type":106,"acceptedAnswer":112},"How should filings be handled for policies issued before versus on or after January 1, 2009?",{"text":113,"@type":109},"The instructions require separate filings for policies issued prior to the effective date of the rate stability requirements (January 1, 2009) and those issued on or after that date, or provide sufficient explanation if the filings are combined.",{"name":115,"@type":106,"acceptedAnswer":116},"What loss ratio exhibits are required for filings based on loss ratios for policies issued prior to January 1, 2009?",{"text":117,"@type":109},"The filer must provide updated loss ratio exhibits through a recent reporting period (not longer than 15 months prior), with exhibits that replace past and/or projected experience using original pricing assumptions, then progress to versions using actual experience and revised future premiums, including Montana-only issued policy results and comparisons with and without the requested premium increase.","https://schema.org",{"og:url":78,"og:type":120,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":122,"canonical":78},"index,follow",{"doc_id":124,"site_id":56},249133,1791430309,{"code":4,"msg":5,"data":127},{"doc_id":124,"user_id":128,"nickname":88,"user_avatar":129,"doc_module":9,"category_id":35,"category_name":36,"doc_title":59,"doc_description":61,"doc_content":130,"file_id":131,"file_url":132,"file_type":133,"file_size":134,"view_count":47,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":73,"language":135,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":136,"faqs":137,"seo_title":138,"seo_description":61,"update_tm":139,"read_time":9},1099523882367,"https://ap-avatar.wpscdn.com/davatar_9964176cb1d06d4a9deccf72a44ae3dc","For all that apply below, use the provided Excel templates. All formulas must be left active.  \nThe actuarial memorandum should be consistent with all pertinent Actuarial Standards of Practice, including but not restricted to ASOP No. 8 and include premium rate tables. In addition, please provide the following information and exhibits.  \nGeneral Premium Rate Increase Filing Information  \n1. Provide separate filings for policies issued prior to the effective date of the rate stability requirements (January 1, 2009) and those issued on or after this date, or provide sufficient explanation on why the filings should be combined.  \n2. Separately list prior premium rate increase requests for each form and provide the corresponding SERFF tracking number. If prior rate increase requests were made outside of SERFF please provide copies of the rate increase request filings in a pdf in the current SERFF filing.  \n3. Provide the number of policyholders by form in Montana impacted by this premium rate increase request.  \n4. Summarize all assumption changes since the previous premium rate increase filing, if applicable.  \n5. Explain whether the revised assumptions for projected experience include any margin for adverse experience or confirm that the assumptions are based on best estimates.  \n6. Explain whether the revised assumptions for projected experience include any adjustments assuming that the premium rate increase is implemented including such items as shock lapses and anti-selection factors. Anti-selection factors should grade to zero within ten years unless actual experience or industry information justifies a longer-term impact.  \n7. Provide actual lapse experience analysis demonstrating actual vs. current expected lapses. In addition, provide lapse experience analysis demonstrating either the actual vs. the originally expected lapses, or for those that have had a previous premium increase approved in Montana, demonstrate actual vs. the lapse assumption assumed for the last approved premium rate increase. Provide lapse counts by policy duration.  \n8. Provide actual-to-expected mortality analysis demonstrating actual vs. current expected mortality. In addition, provide mortality analysis demonstrating either the actual vs. the originally expected mortality, or for those that have had a previous premium increase approved in Montana, demonstrate actual vs. the mortality assumption assumed for the last approved premium rate increase. Provide death counts by attained age group used in the mortality experience study.  \n9. Provide a summary of the morbidity assumption changes made and include actual-to-expected analysis demonstrating actual vs. current expected morbidity. In addition, provide morbidity analysis demonstrating either the actual vs. the originally expected morbidity, or for those plans that have had a previous premium increase approved in Montana, demonstrate actual vs. the morbidity assumption assumed for the last approved premium rate increase. For actual claims experience utilized to adjust assumed claims assumptions, provide actual claim counts by claim duration. In addition, provide actual claim counts by attained age.  \nPremium Rate Increase Request Based on Loss Ratios (policies issued prior to January 1, 2009)  \n1. Provide the following loss ratio exhibits updated for actual experience through a recent reporting period; however, not longer than 15 months prior to this filing. Provide these exhibits for national experience (unless specified below) and separate these exhibits by policy form number or groupings of policy forms along with an explanation of why the groupings of policy forms should be reviewed together.  \na. Replace actual past and projected future experience with the original pricing assumptions. These exhibits should use actual issued policies rather than assumed distributions, and all historical and projected experience should be based on the original filing assumptions including originally filed disco","cbCaikqjpZO2iCRF","https://ap.wps.com/l/cbCaikqjpZO2iCRF","pdf",198758,"English","# General Premium Rate Increase Filing Information\n## Premium rate increase filing requirements (templates, standards, exhibits)\n## Premium rate increase documentation and exhibits\n# Premium Rate Increase Request Based on Loss Ratios (policies issued prior to January 1, 2009)\n## Loss ratio exhibit substitutions and scenario requirements\n# Premium Rate Increase Request Based on Rate Stability Regulation (policies issued on or after January 1, 2009)","[{\"question\":\"What must be included in the actuarial memorandum for a Montana LTC premium rate increase filing?\",\"answer\":\"The actuarial memorandum must be consistent with applicable Actuarial Standards of Practice, include premium rate tables, and provide required submission exhibits and supporting analyses such as assumptions and actual-to-expected results for lapses, mortality, and morbidity.\"},{\"question\":\"How should filings be handled for policies issued before versus on or after January 1, 2009?\",\"answer\":\"The instructions require separate filings for policies issued prior to the effective date of the rate stability requirements (January 1, 2009) and those issued on or after that date, or provide sufficient explanation if the filings are combined.\"},{\"question\":\"What loss ratio exhibits are required for filings based on loss ratios for policies issued prior to January 1, 2009?\",\"answer\":\"The filer must provide updated loss ratio exhibits through a recent reporting period (not longer than 15 months prior), with exhibits that replace past and/or projected experience using original pricing assumptions, then progress to versions using actual experience and revised future premiums, including Montana-only issued policy results and comparisons with and without the requested premium increase.\"}]","Montana LTC Rate Increase Checklist - v4-1 - Submission requirements | PDF",1789250108]