2478 Progressive Specialty Insurance Company and Progressive Preferred Insurance Company; private passenger automobile; Usage Based Insurance Program; rate and rule filing?
Progressive Specialty Insurance Company and Progressive Preferred Insurance Company; Private Passenger Automobile; Usage Based Insurance Program; Rate and Rule Filing [40 Pa.B. 7448]
[Saturday, December 25, 2010]On December 8, 2010, the Insurance Department (Department) received from Progressive Specialty Insurance Company and Progressive Preferred Insurance Company a private passenger automobile rate and rule filing to introduce their Usage Based Insurance Program.
At the insured's request, the companies will provide a device that plugs into the on-board diagnostic port found on all vehicles sold in the United States since model year 1996. The device records vehicle information including, but not limited to, the date and time of installation and disconnection, and the time of day and speed at which the vehicle is operated. A usage factor is derived from the vehicle information data recorded by the device and applied to the policy's premium. Usage factors will result in discounts ranging from 0% to 30%. Effective dates of April 1, 2011, for new business and May 4, 2011, for renewal business are requested. This voluntary program has been approved for use by Progressive Advanced Insurance Company.
Unless formal administrative action is taken prior to February 6, 2011, 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, Office of 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. 10-2478. Filed for public inspection December 23, 2010, 9:00 a.m.]
