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Illinois Administrative Code (Last Updated: March 27, 2024) |
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TITLE50. INSURANCE |
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PART202. MORTGAGE GUARANTY INSURANCE |
§202.ILLUSTRATION A. Unearned Premium Factor to be Applied to Premiums In Force on Valuation Date
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Contract Year Current at Valuation Date
2 Year Coverage Period
3 Year Coverage Period
4 Year Coverage Period
5 Year Coverage Period
6 Year Coverage Period
1
88.8%
93.9%
95.7%
96.5%
97.0%
2
38.7%
66.7%
76.4%
81.0%
83.7%
3
22.9%
45.3%
56.0%
62.2%
4
14.5%
31.3%
41.1%
5
9.8%
22.7%
6
7.1%
7
8
9
10
11
12
13
14
15
Contract Year Current at Valuation Date
7 Year Coverage Period
8 Year Coverage Period
9 Year Coverage Period
10 Year Coverage Period
11 Year Coverage Period
1
97.3%
97.5%
97.7%
97.7%
97.8%
2
85.4%
86.5%
87.3%
87.6%
87.9%
3
66.2%
68.8%
70.4%
71.3%
71.9%
4
47.4%
51.3%
53.8%
55.3%
56.1%
5
31.0%
36.2%
39.4%
41.3%
42.5%
6
17.1%
23.3%
27.2%
29.5%
30.9%
7
5.4%
12.5%
16.9%
19.6%
21.2%
8
3.8%
8.6%
11.6%
13.3%
9
2.5%
5.6%
7.5%
10
1.6%
3.4%
11
0.9%
12
13
14
15
Contract Year Current at Valuation Date
12 Year Coverage Period
13 Year Coverage Period
14 Year Coverage Period
15 Year Coverage Period
1
97.8%
97.8%
97.8%
97.8%
2
88.1%
88.1%
88.2%
88.2%
3
72.3%
72.5%
72.6%
72.6%
4
56.7%
57.1%
57.2%
57.3%
5
43.2%
43.7%
43.9%
44.0%
6
31.8%
32.3%
32.7%
32.8%
7
22.1%
22.8%
23.2%
23.3%
8
14.4%
15.1%
15.5%
15.7%
9
8.6%
9.3%
9.9%
10.1%
10
4.6%
5.4%
6.0%
6.2%
11
2.1%
2.9%
3.5%
3.7%
12
0.6%
1.3%
1.9%
2.1%
13
0.4%
0.9%
0.5%
14
0.3%
0.1%
15