526 Fortis Insurance Company; requesting approval to increase rates for long-term care policy forms 4040, 4042 and associated riders

INSURANCE DEPARTMENT

Fortis Insurance Company; Requesting Approval to Increase Rates for Long Term Care Policy Forms 4040, 4042 and Associated Riders

[31 Pa.B. 1653]

   Fortis Insurance Company (Fortis) is requesting approval to increase its premium 35% for the Nursing Facility Policy Form 4040-PA and the associated riders. The average premium will increase from $1,401 to $1,891 and will affect 1,605 Commonwealth policyholders. Fortis is also requesting approval to increase its premium 35% for the Home Health Policy Form 4042-PA and the associated riders. The average premium will increase from $1,500 to $2,025 and will affect 177 Commonwealth policyholders. The requested effective date of the change is July 1, 2001.

   Copies of the filing are available for public inspection during normal working hours, by appointment, at the Insurance Department's regional office in Harrisburg.

   Interested parties are invited to submit written comments, suggestions or objections to James Laverty, Actuary, Insurance Department, Accident and Health Bureau, Office of Rate and Policy Regulation, 1311 Strawberry Square, Harrisburg, PA 17120, within 30 days of publication of this notice in the Pennsylvania Bulletin.

M. DIANE KOKEN,   
Insurance Commissioner

[Pa.B. Doc. No. 01-526. Filed for public inspection March 23, 2001, 9:00 a.m.]