TITLE 50: INSURANCE
CHAPTER I: DEPARTMENT OF INSURANCE
SUBCHAPTER b: DOMESTIC STOCK COMPANIES
PART 202 MORTGAGE GUARANTY INSURANCE
SECTION 202.ILLUSTRATION A UNEARNED PREMIUM FACTOR TO BE APPLIED TO PREMIUMS IN FORCE ON VALUATION DATE


 

Section 202.ILLUSTRATION A   Unearned Premium Factor to be Applied to Premiums In Force on Valuation Date

 

Contract Year Current at Valuation Date

2 Year Coverage Period

3 Year Coverage Period

4 Year Coverage Period

5 Year Coverage Period

6 Year Coverage Period

1

88.8%

93.9%

95.7%

96.5%

97.0%

2

38.7%

66.7%

76.4%

81.0%

83.7%

3

 

22.9%

45.3%

56.0%

62.2%

4

 

 

14.5%

31.3%

41.1%

5

 

 

 

 9.8%

22.7%

6

 

 

 

 

 7.1%

7

 

 

 

 

 

8

 

 

 

 

 

9

 

 

 

 

 

10

 

 

 

 

 

11

 

 

 

 

 

12

 

 

 

 

 

13

 

 

 

 

 

14

 

 

 

 

 

15

 

 

 

 

 

 

Contract Year Current at Valuation Date

7 Year Coverage Period

8 Year Coverage Period

9 Year Coverage Period

10 Year Coverage Period

11 Year Coverage Period

1

97.3%

97.5%

97.7%

97.7%

97.8%

2

85.4%

86.5%

87.3%

87.6%

87.9%

3

66.2%

68.8%

70.4%

71.3%

71.9%

4

47.4%

51.3%

53.8%

55.3%

56.1%

5

31.0%

36.2%

39.4%

41.3%

42.5%

6

17.1%

23.3%

27.2%

29.5%

30.9%

7

 5.4%

12.5%

16.9%

19.6%

21.2%

8

 

 3.8%

 8.6%

11.6%

13.3%

9

 

 

 2.5%

 5.6%

 7.5%

10

 

 

 

 1.6%

 3.4%

11

 

 

 

 

 0.9%

12

 

 

 

 

 

13

 

 

 

 

 

14

 

 

 

 

 

15

 

 

 

 

 

 


 

Contract Year Current at Valuation Date

12 Year Coverage Period

13 Year Coverage Period

14 Year Coverage Period

15 Year Coverage Period

1

97.8%

97.8%

97.8%

97.8%

2

88.1%

88.1%

88.2%

88.2%

3

72.3%

72.5%

72.6%

72.6%

4

56.7%

57.1%

57.2%

57.3%

5

43.2%

43.7%

43.9%

44.0%

6

31.8%

32.3%

32.7%

32.8%

7

22.1%

22.8%

23.2%

23.3%

8

14.4%

15.1%

15.5%

15.7%

9

 8.6%

 9.3%

 9.9%

10.1%

10

 4.6%

 5.4%

 6.0%

 6.2%

11

 2.1%

 2.9%

 3.5%

 3.7%

12

 0.6%

 1.3%

 1.9%

 2.1%

13

 

 0.4%

 0.9%

 0.5%

14

 

 

 0.3%

 0.1%

15