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Analysis of State & Proposal Name (Actuarial Analysis # (Impact on…
Analysis of State & Proposal Name
Summary of Proposal
Statute reference
Full description of proposed change
Current practice/applicable case law
Executive Summary/Opening
State and proposal name
Disclosure of reliance on non-statutory language, if applicable
Version, if applicable
Summary
Brief description of change
What is or is NOT explicitly contemplated, if applicable
Overall Impact
Disclosure of interaction with other proposals
Expressed as % and in $M
Table of impacts for comprehensive proposals, identifying impact on specific classes where applicable
Effective Date
Retroactive Impact, if applicable
Actuarial Analysis
#
Description of how proposed change impacts system costs
Description of methodology and assumptions used
Impact on injury/loss type
If quantifiable, can be a point estimate or range
If unquantifiable, descriptive language may be used
Utilization effects
If unquantifiable, useful statistics may be provided
Data sources used
Other Considerations
Litigation/frictional cost impact
Ambiguous language
Potential for retroactive impact, if not already noted
For larger bills it may be preferable to combine these sections