Transamerica Life Insurance Company; Rate Increase Filing for Several Long-Term Care Policies [40 Pa.B. 6886]
[Saturday, November 27, 2010]Transamerica Life Insurance Company is requesting a 14% increase on several LTC forms. The increase will affect policies written by Transamerica Life Insurance Company as well as policies originally written by Transamerica Occidental Life Insurance Company and Life Investors Insurance Company of America. The increase will affect only policyholders with benefit periods of 6 or more years. The following forms will be affected by the increase:
Transamerica Life Insurance Company Forms: IP-70-PA-494, IP-71-PA-494, FP-70-PA-494, FP-71-PA-494, 6222 (PA) 289, LTC 2 (PA) 1290, LTC 3 (PA) 1091, LTC 3 (PA) 1091 (GR194), LTC 3 (PA) 1091 (GR195), LTC 3 (PA) 1091 (REV195), LTC 5 TQ NH (PA) 1096, LTC 5 TQ COM(PA) 1096, LTC 5 TQ NH (PA-FP) 1096 and LTC 5 TQ COM (PA-FP) 1096.
Life Investors Insurance Company of America Forms: GCPLUS 1290 (PA), GCPLUS 2 1290 (PA), GCPRO (PA) 193, GCPRO (PA-FR) 193, GCPRO (PA) 995, GCPRO (PA-FR) 995, GCPRO-II (PA) 794, GCPRO-II (PA-FR) 794, GCPRO-II (PA) 995, GCPRO-II (PA-FR) 995, KLTCP 1 (PA) 490, LI-LTCP (PA) 192, LI-LTCP (PA) 195, LI-LTCP (PA-FR) 195, LI-LTCP TQ (PA) 898 and LI-LTCP TQ (PA-FR) 898.
Transamerica Occidental Life Insurance Company Forms: 1-812 44-190, 1-820 44-991, 1-822 44-991, LTC-104-194-PA, LTC-105-194-PA, LTC-106-194-PA, LTC 124-197-PA, LTC 224-197-PA, LTC125-197-PA, LTC 225-197-PA, LTC 126-197-PA, LTC 226-197-PA, LTC 304-198-PA and LTC 305-198-PA.
This increase will impact 1,118 policyholders in this Commonwealth.
Unless formal administrative action is taken prior to February 9, 2011, the subject filing may be deemed approved by operation of law.
A copy of the filing is available on the Insurance 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 James Laverty, Actuary, Insurance Department, Insurance Product Regulation, 1311 Strawberry Square, Harrisburg, PA 17120, jlaverty@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. 10-2293. Filed for public inspection November 24, 2010, 9:00 a.m.]
