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BICEP 2-1988
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BICEP 2-1988
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Last modified
1/3/2012 3:17:55 PM
Creation date
1/12/2004 3:43:46 PM
Metadata
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Template:
Contracts
Company Name
Big Independent Cities Excess Pool Joint Powers Authority
Contract #
A-1988-090B
Agency
Personnel Services
Council Approval Date
9/19/1988
Insurance Exp Date
7/1/2016
Notes
Liability Risk Coverage Agreement; Amended by A-1988-090C and A-1988-090B-3
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1 Zyp= <br />3 <br /> <br />5 <br /> Cy = <br />7 <br /> STEP 2 <br />9 <br /> <br />Pure Premium Adjustments collected, refunded or <br />scheduled to be collected (Z) for a given Participant <br />(y) for a given pool (p); Zxyp means Zyp allocated to <br />a given Coverage Period (x). <br /> <br />C times (the sum of By divided by the sum of B). <br /> <br />11 Adjustment Re_cfuired for a given Participant <br /> <br />Determine Incremental Increase in Amount of Pure Premium <br /> (y). <br /> <br />13 Qsyp = <br />15 <br /> <br />Incremental increase to Pure Premium Adjustment for <br />current Coverage Period (s) for a given pool (p) for <br />given Participant (y). <br /> <br />17 Dxyp = <br />19 <br /> <br />21 <br /> <br /> Eyp = <br />25 <br /> <br />Axp times (Ixyp); Dyp is equal to the sum of Dxyp for <br />all Coverage Periods; Dx'yp is equal to the sum of <br />Dxyp for the current and two preceding Coverage <br />Periods. <br /> <br />current Coverage Period. <br /> <br />(Dyp minus Dx'yp) minus (Byp minus Bx'yp plus Typ plus <br />Zyp minus Zx'yp plus Cy). <br /> <br />27 Ex'y]) = <br /> <br />29 <br /> <br />31 <br /> <br />If Dxyp is more than Bxyp_ plus Txyp plus Zxyp in any <br />of the current or two preceding Coverage Periods, then <br />Ex'yp is equal to the sum of Dxyp minus Bxyp minus <br />Txyp minus Zxyp for those years in which Dxyp is more <br />than Bxyp plus Txyp plus Zxyp. <br /> <br />33 TEST 1 <br /> <br />35 <br /> If Eyp plus Ex'yp is greater than or equal to 0, then Qsyp <br />37 is equal to the sum of Eyp plus Ex'yp divided by five for next <br /> five succeeding Coverage Periods (except as provided in <br />39 Sections 4.05(d) and 4.6 hereof). <br /> <br />41 TEST 2 <br /> <br />43 <br /> <br />45 <br /> <br />47 <br /> <br /> If Eyp_ plus Ex'yp is less than or equal to 0, then Qsyp <br />equal to o. Skip to Test 2 of Step 3. <br /> <br />STEP 3 <br /> <br /> Calculate Pure Premium Adjustment for current Coverage <br />49 Period (s) <br /> <br />is <br /> <br />SB-2 <br /> <br /> <br />
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