456 Genworth Life and Annuity Insurance Company; requesting authority to increase rates for individual standardized Medicare supplement plans; rate filing
INSURANCE DEPARTMENT Genworth Life and Annuity Insurance Company; Requesting Authority to Increase Rates for Individual Standardized Medicare Supplement Plans; Rate Filing [36 Pa.B. 1333] Genworth Life and Annuity Insurance Company has filed for approval increased rates for its individual standardized Medicare supplement plans A--D, H and J. The filing requests an average increase of 27.4%, varying by standardized plan. The rate increases will impact about 5,929 policyholders in this Commonwealth and produce additional annual premium income of approximately $3.4 million in this Commonwealth. The requested effective date of the increased rates is July 1, 2006.
The proposed rate increase percentages by plan for all ages and areas are as follows:
Forms Plan Percentage MSP-1992A and HMSPA96 A 30% MSP-1992B and HMSPB96 B 30% MSP-1992C and HMSPC96 C 15% HMSPD96 D 30% MSP-1992H and HMSPH96 H 30% MSP-1992J and HMSPJ96 J 25% Unless formal administrative action is taken prior to May 31, 2006, the subject filing may be deemed approved by operation of law.
A copy of the filing is available on the Insurance Department's (Department) website at www.ins.state. pa.us. Under the Quick Links section, click on the link ''Rate Filings Published in the PA Bulletin.''
Copies of the filing are also available for public inspection, by appointment, during normal working hours at the Department's regional offices in Harrisburg, Philadelphia and Pittsburgh.
Interested parties are invited to submit written comments, suggestions or objections to Michael Gurgiolo, Insurance Department, Insurance Product Regulation and Market Enforcement, Room 1311, Strawberry Square, Harrisburg, PA 17120, mgurgiolo@state.pa.us within 30 days after publication of this notice in the Pennsylvania Bulletin.
M. DIANE KOKEN,
Insurance Commissioner[Pa.B. Doc. No. 06-456. Filed for public inspection March 17, 2006, 9:00 a.m.]
