1835 Nationwide Property and Casualty Insurance Company; private passenger automobile; Nationwide SmartRide Program; rate filing?
Nationwide Property and Casualty Insurance Company; Private Passenger Automobile; Nationwide SmartRide Program; Rate Filing [42 Pa.B. 5946]
[Saturday, September 15, 2012]On August 27, 2012, the Insurance Department (Department) received from Nationwide Property and Casualty Insurance Company a private passenger automobile rate and rule filing which includes the introduction of their SmartRide Program effective March 11, 2013.
In the filing, Nationwide Property and Casualty Insurance Company states ''We are implementing our new SmartRide Program which applies to enrolled vehicles with an installed and active telematics device. This program includes an initial enrollment discount and then assigns a SmartRide Tier based on usage. The SmartRide Program is optional and the insured can opt out of the program at any time. Once a SmartRide tier has been assigned, it can only be improved for as long as the insured opts to remain in the program.''
An insured that opts for the program can only receive a rate that is less than or equal to the otherwise applicable rate, with discounts of up to 30% for certain coverages.
Unless formal administrative action is taken prior to October 26, 2012, the subject filing may be deemed approved by operation of law.
A copy of the filing is available on the Department's web site at www.insurance.pa.gov. Under the tab ''How to Find . . .'' click on ''PA Bulletin.''
Interested parties are invited to submit written comments, suggestions or objections to Michael McKenney, Insurance Department, Insurance Product Regulation, 1311 Strawberry Square, Harrisburg, PA 17120, mmckenney@pa.gov within 15 days after publication of this notice in the Pennsylvania Bulletin.
MICHAEL F. CONSEDINE,
Insurance Commissioner[Pa.B. Doc. No. 12-1835. Filed for public inspection September 14, 2012, 9:00 a.m.]
