2018.Fall #14 - Table Values
Your excel version of the exam pre-populated the table values for the max/min ELF's; they were not given on the real exam. Just want to double check if this is a case where the tables we would have needed here were not provided in this year's study kit. To use Appendix B, we need to use Expected Claim Count and Excess Ratio with Appendix A, but I don't believe we have what we need to do this in this specific problem.
Am I missing another means of accessing the ELF's with the tables we do have? I realize the specific numbers may have changed (or wrong subtable in our study kit), but want to ensure I'm not missing another path through the tables if they do end up making us manually dig through them for the numbers we need.
Comments
You are correct. With the change in how the NCCI produces its retrospective rates (now using the NCCI Circular) we aren't given enough information in this problem to find psi(r_G) and psi(r_H). That's why we added the values used in the examiner's report so candidates can still benefit from the general flow of the question.
You're not missing another way of accessing the ELFs.
Perfect, thank you for confirming!