1.15 Basic Life and LTD Experience 9.2021.pdf
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- Solicitation number
- 95PEBP-S1790
- Issued by
- Clark County, Nevada
About this file
This document contains the experience data for the Basic Life and Long-Term Disability (LTD) insurance coverage provided to the State of Nevada under Contract #642682, which has been in effect since July 1, 2003. The experience data covers the period from July 1, 2016, through September 30, 2021, and includes information on the number of covered lives, earned premiums, paid claims, and changes in reserves.
The document indicates that the State of Nevada is seeking Life and Disability Insurance coverage for the Public Employees' Benefits Program (PEBP), which covers jurisdictions such as Carson City. The contract has been in effect since July 1, 2003, and the experience data provided suggests that the insurer has been providing coverage for Basic Life and LTD during this time period. The document does not provide any information on the specific response dates, due dates, award dates, or the term of the contract, including any renewal options.
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STATE OF NEVADA
Contract number - 642682 Coverage Effective Date - 7/1/2003 Basic Life
From 7/1/2016 7/1/2017 7/1/2018 7/1/2019 7/1/2020
Through 6/30/2017 6/30/2018 6/30/2019 6/30/2020 9/30/2021
Lives* 41,046 41,640 42,589 42,883 41,824
Earned Premium $5,642,609 $5,733,970 $5,565,545 $5,852,498 $6,450,141
Paid Claims $4,634,000 $4,964,758 $5,073,958 $4,279,114 $7,412,089
Conversions $0 $750 $0 $5,125 $24,650
Change in Reported Reserves $338,250 ($487,479) $115,417 $103,938 ($271,464)
Change in IBNR Reserves $29,245 $16,940 ($31,373) $9,165 ($478,041)
Incurred Claims $5,001,495 $4,494,969 $5,158,002 $4,397,342 $6,687,234
Lives data are pulled from the end of each period.
Experience: Paid Basis
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STATE OF NEVADA
Contract number - 642682 Coverage Effective Date - 7/1/2003 Long Term Disability
From 7/1/2016 7/1/2017 7/1/2018 7/1/2019 7/1/2020
Through 6/30/2017 6/30/2018 6/30/2019 6/30/2020 9/30/2021
Lives* 25,890 26,217 26,860 27,099 0
Earned Premium $4,646,720 $4,718,352 $4,559,226 $4,641,165 $4,567,906
Paid Claims $1,218,060 $1,026,237 $995,770 $511,998 $193,719
FICA $296 $287 $136 $344 $868
Change in Reported Reserves $899,145 $225,026 $838,867 $1,149,992 $1,579,904
Change in IBNR Reserves $0 $0 $0 $0 $0
Incurred Claims $2,117,501 $1,251,550 $1,834,773 $1,662,334 $1,774,491
Lives data are pulled from the end of each period.
Experience: Incurred Basis
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