Notice of and Amount of Assessment Action; Notice 2008-02 [38 Pa.B. 326]
[Saturday, January 12, 2008]The Acting Insurance Commissioner has directed that insurers move forward with billing assessments without abatements, with the proviso that the due date be extended to March 31, 2008, for bills that normally would be due earlier.
Accordingly, any unbilled MCARE assessments associated with primary policies with January 2008 effective or renewal dates should be billed within 30 days of this notice with a March 31, 2008, due date to the billing party. To assure the availability of funds to pay claims and operating expenses, all assessment payments must be remitted to the MCARE Fund within 30 days of receipt by the billing party.
Any unbilled MCARE assessments associated with primary policies with February or March 2008 effective or renewal dates should be billed so that payment of the assessment is due to the billing party by the later of March 31, 2008, or 60 days after the effective or renewal dates of the primary policies. In order to assure the availability of funds to pay claims and operating expenses, all assessment payments must be remitted to the MCARE Fund within 30 days of receipt by the billing party.
Any MCARE assessments associated with primary policies with April 2008 or later effective or renewal dates should be billed and remitted to the MCARE Fund under standard procedures.
This action is subject to 1 Pa. Code Part II (relating to the General Rules of Administrative Practice and Procedure).
JOEL SCOTT ARIO,
Acting Insurance Commissioner[Pa.B. Doc. No. 08-78. Filed for public inspection January 11, 2008, 9:00 a.m.]
