Genworth Life Insurance Company (GEFA-130373045); Rate Increase Filing for Individual LTC Forms [46 Pa.B. 967]
[Saturday, February 20, 2016]Genworth Life Insurance Company is requesting approval to increase the premium an aggregate 59.8% on 4,018 policyholders with the following individual policy forms: 6484 et al., 50000 et al., 50001 et al., 50003N, 50003P, 60394 et al., 60407 et al., 50020 et al., 50021 et al., 50022 et al., 60491 et al., 60494 et al., 7021 et al., 62100D and 62100R. The company is requesting an 83% increase on policies with unlimited benefit periods and a 33% increase on policies with limited benefit periods.
Unless formal administrative action is taken prior to May 5, 2016, the subject filing may be deemed approved by operation of law.
A copy of the filing is available on the Insurance Department's (Department) web site at www.insurance.pa.gov. To view these filing notices, hover the cursor over ''Consumers'' in the blue bar at the top of the webpage then select ''Product Notices'' from the drop down menu.
Copies of the filing are also available for public inspection, by appointment, during normal working hours at the Department's Harrisburg office.
Interested parties are invited to submit written comments, suggestions or objections to James Laverty, Actuary, Insurance Department, Insurance Product Regulation, Room 1311, Strawberry Square, Harrisburg, PA 17120, jlaverty@pa.gov within 30 days after publication of this notice in the Pennsylvania Bulletin.
TERESA D. MILLER,
Insurance Commissioner[Pa.B. Doc. No. 16-303. Filed for public inspection February 19, 2016, 9:00 a.m.]
