Erie Insurance Exchange; Private Passenger Automobile; Rate and Rule Revisions; Rate Filing [40 Pa.B. 6618]
[Saturday, November 13, 2010]On October 21, 2010, the Insurance Department (Department) received from Erie Insurance Exchange a rate and rule filing for its new Rate Protection Endorsement.
This endorsement is available only on Erie Insurance Exchange policies which provide coverage for at least one private passenger type vehicle with a model year of at least 1990. If the Rate Protection Endorsement is added to the policy, the policy's premium will be modified and the modified premium will only change if one or more of the following changes occur:
1. Change to the location where an insured vehicle is principally garaged.
2. Addition, deletion or replacement of an auto.
3. Addition or deletion of a licensed driver in the household.
4. Addition or deletion of coverage.
5. Changes to a limit, deductible, tort selection, multi-policy status, accident prevention course status or payment plan.
If none of the previously listed changes occur, the modified annual policy premium will remain the same. An effective date of February 1, 2011, is requested.
Unless formal administrative action is taken prior to December 20, 2010, the subject filing may be deemed approved by operation of law.
A copy of the filing is available on the Department's web site at www.insurance.pa.gov. To access the filing, under ''How to Find . . .'' click on ''View Current Rate Filings.''
Interested parties are invited to submit written comments, suggestions or objections to Michael McKenney, Insurance Department, Insurance Product Regulation, 1311 Strawberry Square, Harrisburg, PA 17120, mmckenney@state.pa.us within 30 days after publication of this notice in the Pennsylvania Bulletin.
ROBERT L. PRATTER,
Acting Insurance Commissioner[Pa.B. Doc. No. 10-2165. Filed for public inspection November 12, 2010, 9:00 a.m.]
