Common use of Renewal Report Clause in Contracts

Renewal Report. By December 1, 2016, and annually thereafter, the Vendor shall submit to the Department a rate renewal report, subject to the Department's approval, to establish premiums for the renewal term. The report shall include at least the following information: a.) Projection of incurred claim costs for renewal year, a description of the methodology used to project incurred claims costs and justification of the use of any data not specific to the State of Florida;