NOTICES
Medical Professional Liability Catastrophe Loss Fund; Surcharge Filing
[28 Pa.B. 5300] The Medical Professional Liability Catastrophe Loss fund has filed for a 55% surcharge under the Health Care Services Malpractice Act (40 P. S. §§ 1301.101--1301.1006), commonly known as Act 111, as amended by Act 135 of 1996. This represents a change from the 1997 surcharge of 64%.
The filing indicates the following:
''This year's surcharge percentage calculation is premised on the rates reflected in the Joint Underwriting Association (JUA) underwriting manual effective January 1, 1997, as amended by:
1. The JUA's September 26, 1997 filing, with respect to Partnerships, Associations and Corporations, effective January 1, 1999.
2. The JUA's May 1, 1998 filing, with respect to rate changes for orthopedic surgeons, otolaryngologists, gynecologists, on-surgical podiatrists, and non-institutional Montgomery County health care providers, description changes for radiologists, and limit changes to $400,000 in primary coverage for all health care providers.
The filing also continues the reduction for part-time practice previously adopted by the Fund and includes a hospital experience modification plan as provided for by Act 135 of 1996.
The filing does not incorporate the following changes to the JUA underwriting manual:
1. The JUA's September 26, 1997 filing, with respect to colorectal surgeons and new physicians, and residents and fellows.
2. The JUA's November 25, 1997 filing, with respect to psychoanalysts.''
The hospital experience modification plan would result in an average 13.7% revenue impact for hospitals over the expected 1999 hospital surcharge level.
The surcharge applies to any new policies effective on or after January 1, 1999.
Copies of the rate filing will be available for public inspection during normal working hours at the Insurance Department's offices in Harrisburg, Philadelphia, Pittsburgh and Erie.
Interested parties are invited to submit comments, suggestions or objections to Nabila Audi, Actuary, Insurance Department, Bureau of Property and Casualty Insurance, 1311 Strawberry Square, Harrisburg, PA 17120, or by e-mail at naudi@ins.state.pa.us, within 30 days after publication of this notice in the Pennsylvania Bulletin.
M. DIANE KOKEN,
Insurance Commissioner
[Pa.B. Doc. No. 98-1731. Filed for public inspection October 16, 1998, 9:00 a.m.]
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