Specifications include, but are not limited to: Provide an annual actuarial analysis of the Trust. This analysis should include, but not necessarily be limited to, an estimate of claims liability including incurred but not reported claims, as well as recommendations for future funding. Provide premium rate evaluations, including annually updating the rates and the rating base amounts. Rather than using NCCI rates, the Trust has adopted a premium methodology which utilizes its members’ actual loss experience in establishing premium rates each year. Using actual claims data from the Trust’s twenty-nine years of experience, the Consulting Actuary will be expected to annually perform the necessary analysis and provide the Trust with recommended individual composite rates for each participating agency.