Types of Rates

There are two types of rates that can be used in OIPA.  The type of rate you intend to upload will impact the values required in the wizard.  Here is a brief explanation of the two types of rates.

Aggregate Tables - Aggregate tables always use age as the IntegerCriteria to index the rates.  An Aggregate table must be in the correct OIPA format to upload.  The specified IntegerCriteria must be placed in the left-most column of your table.  All other criteria must be placed in the columns directly to the right of the Integer Criteria column.

Select Tables - Select tables are used when two indexes are needed for the rating strategy.  For example, a rate table for a male non-smoker may use both duration and age as methods for indexing rates.  In this scenario, the IntegerCriteria for the Select table is duration and it is always specified in the left-most column of your table.  Age is then the secondary index and is specified as the row header for each additional column.  All age indices must be placed in the columns directly to the right of the IntegerCriteria column.