538 State Farm Mutual Automobile Insurance Company; requesting authority to increase rates and modify the attained age rating structure for individual standardized Medicare supplement plans; rate filing

State Farm Mutual Automobile Insurance Company; Requesting Authority to Increase Rates and Modify the Attained Age Rating Structure for Individual Standardized Medicare Supplement Plans; Rate Filing

[34 Pa.B. 1729]

   On March 12, 2004, the Insurance Department (Department) received from State Farm Mutual Automobile Insurance Company a filing to increase rates and modify the attained age rating structure for its individual Medicare supplement plans. The filing applies to forms 97037, 97038, 97039 and 97041, which correspond to standardized plans A, C, F and B, respectively. The company requests an aggregate rate increase of 6.3% for each form to be effective September 1, 2004, with actual adjustments ranging from -4.4% to 19.9% depending on the age of the insured. The proposed adjustment will affect 11,998 insureds and will result in additional annual premium of approximately $1.2 million.

   Unless formal administrative action is taken prior to June 10, 2004, the subject filing may be deemed approved by operation of law.

   A copy of the filing is available on the Department's website: www.ins.state.pa.us. To access the filing, select ''Consumer Information'' on the left side. Under the ''General Information'' heading, click on ''Notices.'' The PDF copy is at the ''Filing.pdf'' link following the name of the filing.

   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, [e-mail] within 30 days after publication of this notice in the Pennsylvania Bulletin.

M. DIANE KOKEN,   
Insurance Commissioner

[Pa.B. Doc. No. 04-538. Filed for public inspection March 26, 2004, 9:00 a.m.]