COMMERCIAL AUTO INDIVIDUAL RISK PREMIUM MODIFICATION PLAN (IRPM)
1. 2. 3. 4. 5. 6
Management Equipment Class Characteristics Drivers Safety Organization
Dispersion or concentration of Values Auto Physical Damage only
Applicants will be viewed in light of their overall operation; the following modifications may be applied to recognize such special characteristics of the risk that are not fully reflected in the basic premium or rates. To be eligible for these modifications the risk must generate a minimum of $ 1,500 in premium prior to the application of any schedule credits or debits or if another line is written, $ 1,500 in premium for all lines prior to the application of any schedule credits or debits. The total credits or debits under the following table may not exceed 25%. The following credits may be applied if the conditions following the table are met. Agents can apply a maximum of 5% credit or debit without company approval. Al l adjustments are subject to review and approval of the company.
Risk Characteristics Defined
Management - liability and auto physical damage coverage. To be eligible for any credit management creates a pro-safety environment and is responsive to
reasonable requests or recommendations from the insurance company. Failure to do so will result in a debit even if the years in business exceed the requirements shown below. The following scale shall apply as to the years the business has been in operation under the current name with a minimum of 3 years verifiable insurance history.
Years in Business 5% credit to 5% Debit
4 Years in Business
CSE Safeguard Insurance Company
CA underwriting guide 0707