Pennsylvania Code (Last Updated: April 5, 2016) |
Title 31. INSURANCE |
PART III. Credit Insurance |
Chapter 73. Credit Life Insurance and Credit Accident and Health Insurance |
Section 73.123. Loss ratio standards
Latest version.
-
Unless revised loss ratio standards are adopted, the loss ratio standards for the coverages specified shall be as follows:
Loss Ratio Standard Credit Life 55% Credit Life with TPD 55% Credit Accident and Health 14-Day Retroactive 65% 14-Day Nonretroactive 65% 30-Day Retroactive 60% 30-Day Nonretroactive 60% Credit Involuntary Unemployment 30-Day Retroactive 60% 30-Day Nonretroactive 60% Credit Voluntary Unemployment 60%
Notation
This section cited in 31 Pa. Code § 73.106 (relating to life insurance rate standards); 31 Pa. Code § 73.109 (relating to A & H insurance rate standards); 31 Pa. Code § 73.112 (relating to involuntary unemployment insurance rate standards); 31 Pa. Code § 73.113 (relating to voluntary unemployment insurance rate standards); and 31 Pa. Code § 73.122 (relating to deviated rates).