1573 Provident Life and Accident Insurance Company; proposed multi-step rate increase for several LTC forms; rate filing

Provident Life and Accident Insurance Company; Proposed Multi-Step Rate Increase for Several LTC Forms; Rate Filing

[42 Pa.B. 5316]
[Saturday, August 11, 2012]

 Provident Life and Accident Insurance Company is requesting approval to increase the premium on the following individual LTC forms: RLTC03, RLTCP03, LTC03, LTCP03 and LTCT03. The requested increase would be accomplished over 3 years with the first increase of 30%, a second increase 1 year later of 25% and a final increase of 25% implemented 1 year after the second increase. The increase will affect 439 policyholders in this Commonwealth.

 Unless formal administrative action is taken prior to October 25, 2012, the subject filing may be deemed approved by operation of law.

 A copy of the filing is available on the Insurance Department's (Department) web site at www.insurance.pa.gov. Under the tab ''How to Find . . .'' click on the link ''PA Bulletin.''

 A copy of the filing is also available for public inspection, by appointment, during normal working hours at the Department's regional 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, [e-mail] within 30 days after publication of this notice in the Pennsylvania Bulletin.

MICHAEL F. CONSEDINE, 
Insurance Commissioner

[Pa.B. Doc. No. 12-1573. Filed for public inspection August 10, 2012, 9:00 a.m.]