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  GUAM DEPARTMENT OF REVENUE AND TAXATION Dipattamenton Kontribusion yan Adu'ana  
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Regulatory Division

The Regulatory Division is charged with the registration of business entities, issuance of general business licenses such as sales or services, alcoholic beverage licenses and other regulated business licenses including insurance, securities, banking, real estate and recordation of secured transactions under the Guam Uniform Commercial Code

The Division is composed of the General Licensing and Registration Branch, the Compliance Branch, the Weights and Measures Branch and the Insurance, Securities, Banking and Real Estate Branch. The Division enforces compliance on persons who transact business in Guam without business licenses. The Division also regulates and supervises holders of business licenses for the protection of the consumers in Guam from unsafe and unfair business practices.

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GUAM RATE REVIEW FILINGS

Part I Content of Rate Increase Summary-- The rate increase summary must include the following:

  1. Historical and projected claims experience
  2. Trend projections related to utilization, and service or unit cost
  3. Any claims assumptions related to benefit changes
  4. Allocation of the overall rate increase to claims and non-claims costs
  5. Per enrollee per month allocation of current and projected premium
  6. Three year history of the rate increases for the product associated with the rate increase.

Part II Content of Written Description Justifying the Rate Increase-- the written description of the rate increase must include brief narrative describing the data and assumptions that were used to develop the rate increase and include the following:

  1. Explanation of the most significant factors causing the rate increase, including a brief description of the relevant claims and non-claims expense increases reported in the rate increase summary
  2. Brief description of the overall experience of the policy, including historical and projected expenses, and loss ratios

Health Insurance Companies:

  • TOKIO MARINE PACIFIC INSURANCE LIMITED
  • TAKECARE INSURANCE COMPANY, INC.
  • NETCARE LIFE AND HEALTH INSURANCE COMPANY
  • ISLAND HOME INSURANCE COMPANY
  • AETNA HEALTH INSURANCE COMPANY
  • UNITED HEALTHCARE INSURANCE COMPANY

Consumer Input:

Please direct input/comments on the rate increase filing to the following email addresses:

For more information, please call 671-635-1843 through 1846.

CONTACT INFORMATION:

Regulatory Division

Juan Q. Carlos
Administrator, Regulatory Division
Tel: (671) 635-1846
jqcarlos@revtax.gov.gu

Teresa C. Santos
Regulatory Examiner II, Insurance, Securities & Banking & Real Estate
Tel: (671) 635-1843
                  635-1844
                  635-1845
tcsantos@revtax.gov.gu

George V. Cruz
Supervisor, General Licensing & Registration
Tel: (671) 635-1829
                  635-7670-7675
george@revtax.gov.gu

John J. Garrido
Supervisor, Compliance Branch (ABC)
Tel: (671) 635-1806
                  635-7656-7659
jgarrido@revtax.gov.gu

Raymond A. Leon Guerrero
Supervisor, Weights & Measure
Tel: (671) 635-1790
                  635-7660
                  635-7661


GuamTax.com