RiverSource Life Insurance Company; Rate Increase Filing for LTC Form 30160A-PA [37 Pa.B. 3077]
[Saturday, June 30, 2007]RiverSource Life Insurance Company (previously called IDS Life Insurance Company) is requesting approval to increase the premium on Long-Term Care policy Form 30160A-PA. The company is requesting a 33.1% increase on policies without Endorsement 32100-PA and 10% on policies with the endorsement. A total of 4,385 Commonwealth policyholders will be affected by this rate adjustment; 2,290 policies were issued without the endorsement while 2,095 were issued with the endorsement.
Unless formal administrative action is taken prior to September 12, 2007, 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. Scroll down the home page and click on ''Consumer Information'' located on the left side. Next scroll down to ''General Information,'' located in the middle of the page, and click on ''Notices.'' The pdf copy of this filing is located at the link ''Filing.pdf'' 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 Harrisburg office in Harrisburg.
Interested parties are invited to submit written comments, suggestions or objections to James Laverty, Actuary, Insurance Department, Insurance Product Regulation and Market Enforcement, Room 1311, Strawberry Square, Harrisburg, PA 17120, jlaverty@state.pa.us within 30 days after publication of this notice in the Pennsylvania Bulletin.
RANDOLPH L. ROHRBAUGH,
Acting Insurance Commissioner[Pa.B. Doc. No. 07-1170. Filed for public inspection June 29, 2007, 9:00 a.m.]
