Pennsylvania Compensation Rating Bureau Workers' Compensation Loss Cost Filing; Rate Filing [36 Pa.B. 7517]
[Saturday, December 9, 2006]On November 28, 2006, the Insurance Department (Department) received from the Pennsylvania Compensation Rating Bureau (PCRB) a filing for a loss cost level change for Workers' Compensation insurance. This filing is made in accordance with section 705 of the act of July 2, 1993 (P. L. 190, No. 44). The PCRB requests an overall 2.95% increase in collectible loss costs, effective April 1, 2007, on a new and renewal basis. Also, the PCRB has calculated the Employer Assessment Factor effective April 1, 2007, to be 1.92%, as compared to the currently approved provision of 1.98%. Updates to a variety of other rating values to reflect the most recent available experience are also being submitted for approval. Finally, the filing includes proposed additions and/or changes to other manual rules consistent with intended practice regarding workers' compensation insurance options, classification procedures and related matters.
The entire April 1, 2007, loss cost filing is available for review on the PCRB's website at www.pcrb.com in the ''Filings'' section.
Interested parties are invited to submit written comments, suggestions or objections to Michael McKenney, Insurance Department, Insurance Product Regulation and Market Enforcement, 1311 Strawberry Square, Harrisburg, PA 17120, mmckenney@state.pa.us within 30 days after publication of this notice in the Pennsylvania Bulletin.
M. DIANE KOKEN,
Insurance Commissioner[Pa.B. Doc. No. 06-2433. Filed for public inspection December 8, 2006, 9:00 a.m.]
