483 Notice to workers' compensation insurance carriers; rate filing

Notice to Workers' Compensation Insurance Carriers; Rate Filing

[38 Pa.B. 1332]
[Saturday, March 15, 2008]

   Insurance companies that write Workers' Compensation are required to report workers' compensation premium, loss and claim count information using 2007 Special Schedule ''W.'' Authority for this call is contained in section 655 of The Insurance Company Law of 1921 (40 P. S. § 815). Information to be reported by April 15, 2008, includes the following:

   For calendar year 2007:

*  Premiums--Written, Unearned, Earned
*  Losses--Indemnity v. Medical for Paid, Reserves (Case    v. Bulk & IBNR), Incurred
*  Amounts added to premium to yield Standard Earned    Premium at Designated Statistical Reporting Level
*  Deductible adjustments to yield first dollar premiums    and losses

   For evaluations as of December 31, 2006, and December 31, 2007, policy year information for large deductible (that is, deductible greater than $100,000) policies verses all other policies including small deductible policies on a first dollar basis:

*  Premiums--Earned
*  Losses--Indemnity v. Medical for Paid, Reserves (Case    v. Bulk & IBNR), Incurred
*  Claim counts--Indemnity v. Medical for Incurred,    Closed with and without payments

   Information regarding the submission of 2007 Special Schedule ''W'' has been sent to carriers and has also been posted at the Department's web site address, www.ins. state.pa.us.

   Persons who have not received this information or have questions concerning information contained in this notice should contact Bojan Zorkic, Actuarial Associate, 1311 Strawberry Square, Harrisburg, PA 17120, [phone] or [e-mail].

JOEL SCOTT ARIO,   
Acting Insurance Commissioner

[Pa.B. Doc. No. 08-483. Filed for public inspection March 14, 2008, 9:00 a.m.]