reviewed, whichever is the greater, up to 25 per category. If the actuary believes that a true reflection cannot be achieved with the maximum number stated above, then the actuary should review such higher number of claims as the actuary deems appropriate. Part A Irrespective of whether the actuary has adopted an The report should state the number of claims reviewed Part A Clause 8 Clause 9 (updated content) aggregate or an individual file estimation approach, to in each of the categories. estimate the outstanding liability, the report should state the number of claims reviewed. This disclosure must be on an injury year basis, further subdivided by the categories that are referred to in paragraph 8 above (irrespective of whether paragraph 8 applies to the actuary’s results). Part A The report should list the estimated outstanding liability The report should list the estimated outstanding liability Part A Clause 9 Clause 10 for each injury year, in aggregate, as assessed by the (no change) in aggregate for each claim year as assessed by the actuary, and as assessed by the self-insured employer actuary and as assessed by the self-insured employer. Part A If paragraph 8 is relevant, then, based on the review of reviewing the sample the actuary should state, Part A Clause 10 Clause 11 (updated content) the sample of claims, as well as the extent of the sample, after taking into account the sample reviewed, what is the actuary should state which aggregate method(s) were the most appropriate method of valuation of the adopted to value the outstanding liability, together with particular portfolio of outstanding liabilities and the the reason(s) for doing so. reasons Part A The actuary’s report must include a statement of the The report must include a statement of the total Part A Clause 11 Clause 12 (updated content) overall workers compensation payments processed during workers compensation payments made during the year the period under review, on the claims administration under review regardless of the claim year the payments system, regardless of the injury years from which these apply to. Should the report be done at such a time as payments arose. Should the valuation be undertaken at a the full information is not available, the payments for time when the full period’s information is not available, the part year should be stated, and an estimate of the then the payments for the part period should be stated, as balance of the year should also be stated. Figures well as the total of the payments that the actuary expects
reviewed, whichever is the greater, up to 25 per category. If the actuary believes that a true reflection cannot be achieved with the maximum number stated above, then the actuary should review such higher number of claims as the actuary deems appropriate. Part A Clause 9 Irrespective of whether the actuary has adopted an aggregate or an individual file estimation approach, to estimate the outstanding liability, the report should state the number of claims reviewed. This disclosure must be on an injury year basis, further subdivided by the categories that are referred to in paragraph 8 above (irrespective of whether paragraph 8 applies to the actuary’s results). The report should state the number of claims reviewed in each of the categories. Part A Clause 8 (updated content) Part A Clause 10 The report should list the estimated outstanding liability for each injury year, in aggregate, as assessed by the actuary, and as assessed by the self-insured employer The report should list the estimated outstanding liability in aggregate for each claim year as assessed by the actuary and as assessed by the self-insured employer. Part A Clause 9 (no change) Part A Clause 11 If paragraph 8 is relevant, then, based on the review of the sample of claims, as well as the extent of the sample, the actuary should state which aggregate method(s) were adopted to value the outstanding liability, together with the reason(s) for doing so. reviewing the sample the actuary should state, after taking into account the sample reviewed, what is the most appropriate method of valuation of the particular portfolio of outstanding liabilities and the reasons Part A Clause 10 (updated content) Part A Clause 12 The actuary’s report must include a statement of the overall workers compensation payments processed during the period under review, on the claims administration system, regardless of the injury years from which these payments arose. Should the valuation be undertaken at a time when the full period’s information is not available, then the payments for the part period should be stated, as well as the total of the payments that the actuary expects The report must include a statement of the total workers compensation payments made during the year under review regardless of the claim year the payments apply to. Should the report be done at such a time as the full information is not available, the payments for the part year should be stated, and an estimate of the balance of the year should also be stated. Figures Part A Clause 11 (updated content)
20171016104855.Comparison%20of%20Annexure%20%20D%20to%20the%20Guideline.docx