Penn Treaty Network America; Rate Filing [31 Pa.B. 1815] Penn Treaty Network America is requesting approval to increase its premium an aggregate 21.8% for the Comprehensive Long Term Care Policy Forms PF2600, FPF2600, and the associated 5% compound inflation rider. The maximum increase is 60% which will affect some policy holders with issue ages under 60, while no increase is planned for policyholders with issue ages over 80. The average increase for plans with level benefits (that is, no inflation adjustments included) is 10.6% while plans with increasing benefits (that is, with inflation adjustments included) have an average increase of 33.7%. The average premium will increase from $1,526 to $1,858, and will affect 7,381 Commonwealth policyholders. The requested effective date of the change is April 1, 2001.
Copies of the filing are available for public inspection during normal working hours, by appointment, at the Insurance Department's 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. 01-565. Filed for public inspection March 30, 2001, 9:00 a.m.]
