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data are available.
(iv) Decide whether the system will be prospective,

retrospective, or a combination.
(v) If the system is to be prospective, decide if it will be

a schedule rating system, an experience rating
system, a composite rating system, or a combination.
(vi) Design the schedule rating portion of the system.
(vii)Determine the experience component separately for
each remaining portion of the system.
(a) Determine the type of experience to be used.
(b) Determine the experience period.
(c) Decide if there will be any per occurrence or

aggregate limits

(viii) Determine the exposure component separately for
each remaining portion of the system.

(a) Determine the type of exposure to be used.
(b) Determine the exposure period.

(viii) Determine the credibility component separately
for each remaining portion of the system.

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