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Is it possible to reset the daily chess rating and timeout ratio?

I dont belive its possible. You can start playing for Great Viking Warriors against The Chess club. Soon 300 boards. We could need a player of your level

I am having a similar issue. I have played 300 daily games, and 2 months ago, I had my first time-out. That's 1 game out of 300, even less than 1%. However, now I can't start a tournament because I need to have a timeout of <5%. When I look at my stats, it says I have a 10% timeout ratio in the past 90 days (I guess I have only completed 10 daily games in the past 90 days.) The annoying thing about this is that daily games can take well over a month to complete, so even though I have 15 current games, unless I intentionally lose a bunch of games (which I won't do), there is no way to fix this except to wait another month. I understand that this is just to prevent people with high timeout ratios from starting tournaments, but it doesn't make it any less annoying.
To answer your question, I don't think there is a way to reset your timeout ratio outside of waiting 90 days, and I am pretty sure there is no way to reset your rating. If you really haven't played a game in 90 days, there might just be a bug where you have to complete another game before it updates your timeout ratio.
I believe it would be unfair to play with my low rating, and it will also be hard to get into games due to the high timeout ratio. So a daily chess reset would be appreciated!!
(PS: The timeout ratio is still high even though no games have been played in 90 days... ?)