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APPEND X A-1
<br />BIG INDEPENDENT CITIES EXCESS POOL Ex ibil CA-8
<br />EXPERIENCE RATING
<br />Example of Recommendetl Racing Plan
<br />I. Risk Sharing Premium for 2005/Ofi
<br />
<br />
<br />Experience
<br />Motlification
<br />City Factor
<br />(1) 1~)_
<br />
<br />
<br />ayroll
<br />($000)
<br />2005/06
<br />(3)
<br />
<br />Loss Rate
<br />at $500,000
<br />Retention
<br />2005/06
<br />(4)
<br />
<br />Loss Rate
<br />al $1,000,000
<br />Retention
<br />2005/06
<br />15)
<br />Premium
<br />at 8500,000
<br />Retention
<br />2005/06
<br />12)%(3)X(4)
<br />(6)
<br />Premium
<br />at $1,000.000
<br />Retention
<br />2005106
<br />(2)X(3)%(5)
<br />I])
<br />Huntington Beach 1.129 $8],989 $6.000 $3.040 8595
<br />849 $301 89]
<br />Oxnartl 1484 56,011 6.000 3.040 ,
<br />498
<br />]64 ,
<br />252 ]1]
<br />San Bernardino 1.033 9],015 6.000 3.040 ,
<br />601
<br />199 ,
<br />304 608
<br />Santa Ana 0.656 12],69] 6.000 3.040 ,
<br />502.82] ,
<br />254 ]66
<br />West Covina 1.080 28,40] 6.000 3.040 184,048 ,
<br />93, 251
<br />Total 1.000 $39],11R 82.382,]08 $1,20], 239
<br />11. Atlministralive Pre mlum and Insurance Premium for 2005106
<br /> 2005106 2005106
<br /> Insurance Insurance
<br /> Premium Premium
<br /> Experience $2,000,000 $12,000
<br />000
<br /> Percent Administrative to ,
<br />to
<br /> Contribution Premium $12,000,000 $1],000,000
<br />City 2006106 (2)XTOtaI(3) (2)XTOtaI(4) (2)XTotel(5)
<br />(1) (2) (3) (4) (5)
<br />Huntington Beach 25.01 % $56.286 $925,123 $62
<br />518
<br />Oxnard 20.93% 4],100 355,869 ,
<br />52
<br />334
<br />San Bernardino 25.23% 56,]]1 428,940 ,
<br />63
<br />0]9
<br />Santa Ana 21.10% 4],482 358.]54 ,
<br />52
<br />958
<br />West Covina ]]2°/a 1],380 131,313 ,
<br />19,311
<br />Section I, (2) is from Exhibit CA-]. ~~~-'~~~ '""'°°'°°O aeou,oou
<br />Section I, (3) is based on payroll for 20WI04 antl a 3%(rentl.
<br />Section I, (4) and (5) are apProxlmations.
<br />Section 1, (4) and (5) fund losses from SIR shown to E2 million.
<br />Section II, (2) is tram Exhibit CA-].
<br />Section II, Total(3), Totel(4) antl Total(5) are far example only-
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