Experience Rating in LMCIT Liability and Workers Compensation Premiums

Informational Memo

Published: November 15, 2019

Experience Rating in LMCIT Liability and Workers Compensation Premiums
(pdf, 219.9KB )
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Understand the League of Minnesota Cities Insurance Trust’s (LMCIT’s) experience rating formula, which compares the member’s actual loss history with the amount of losses that would be expected for a member of that size, if the member were a perfectly average LMCIT member. Learn how the comparison is used to adjust the member’s future premiums above or below the average.