INSURANCE DEPARTMENT Ability Insurance Company; Rate Increase Filing for Several LTC Forms [43 Pa.B. 5045]
[Saturday, August 31, 2013]Ability Insurance Company is requesting approval to increase the premium on 88 policyholders with the following individual LTC policy form numbers: 3358, LT691, LT692, LT694, LT695 and LT201. The company is requesting a 40% increase on policies with a nonlifetime benefit period and an 80% increase on policies with a lifetime benefit period. The business was originally written by Medico Insurance Company and Mutual Protective Insurance Company.
Unless formal administrative action is taken prior to November 14, 2013, 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.''
Copies of the filing are also available for public inspection, by appointment, during normal working hours at the Department's Harrisburg office.
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@pa.gov within 30 days after publication of this notice in the Pennsylvania Bulletin.
MICHAEL F. CONSEDINE,
Insurance Commissioner[Pa.B. Doc. No. 13-1622. Filed for public inspection August 30, 2013, 9:00 a.m.]
