Specific Software Solutions · SIGMA Actuarial Consulting Group

The large loss limit information for each state is contained within ModMaster.  Any loss that exceeds the state loss limit will be limited automatically by ModMaster at calculation time. The Loss Analysis section of the ModMaster Detailed Report is especially useful for viewing the original loss and the limited or adjusted loss that has been applied to it.

Other keywords: Capped losses, capping large loss

Last update: 01:31 PM Monday, April 28, 2008

• Which states have approved the experience rating adjustment (ERA)?
• What is the experience rating adjustment (ERA)?
• What should be included in the actual loss amount used to calculate my mod?
• What data am I supposed to enter on the Large Loss page?
• Where do I enter contingent loss amounts?
• What data am I supposed to enter on the Small Loss page?
• How can I enter a subrogated loss?
• How do I enter a catastrophic or multiple claim accident in ModMaster?
• How can I delete a loss in ModMaster?
• When I am using ModMaster to check a mod for the current year, which loss runs do I use in order to get the most accurate calculation compared to the bureau's worksheet?
• What is the assumption about the age of the loss data being input as actual losses?
• What is a primary loss?
• What is the IJ injury code field?