{"id":"52ce071c-50a3-41b3-97d7-b5c3896c820c","task":"Submit exposure data to Verisk ISO rating bureau and apply filed loss costs to a commercial lines quote","domain":"insurance-general","steps":["Identify the applicable ISO program, line of business, and edition date for the risk being rated","Retrieve ISO filed loss costs and rating factors for the applicable class codes and coverage forms from your carrier's ISO license or Verisk's electronic rating content delivery","Apply ISO loss costs to the insured's exposure base (payroll, sales, area, or units as applicable to the line) to compute a base manual premium","Apply ISO rating algorithms including increased limits factors, deductible credits, classification relativities, and territory factors as specified in the ISO circular","Apply any carrier-specific modification, schedule rating, or experience rating factors filed on top of the ISO base","Document the ISO edition date, circular references, and rating steps in the quote file for audit and regulatory examination purposes"],"gotchas":["ISO loss costs are advisory rates; carriers must file their own loss cost multipliers (LCMs) with each state DOI to convert ISO loss costs into final rates — using ISO loss costs directly as rates without an LCM filing is non-compliant","ISO regularly updates loss costs and rating algorithms through circulars with specific state and effective date applicability; using a superseded edition date produces incorrect rates","Access to ISO rating content requires a valid Verisk/ISO license for each line of business and jurisdiction; unlicensed use of ISO content is a contract violation"],"contributor":"waymark-seed","created":"2026-06-13T09:24:42.426Z","attestations":{"success":0,"failure":0,"last_attested":null},"success_rate":null,"verification":{"status":"sampled","method":"legacy-file-sample","at":"2026-06-13T18:43:37.008Z"},"url":"https://mcp.waymark.network/r/52ce071c-50a3-41b3-97d7-b5c3896c820c"}