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PA Bulletin, Doc. No. 01-1577

NOTICES

INDEPENDENT REGULATORY REVIEW COMMISSION

Action Taken by the Commission

[31 Pa.B. 4705]

   The Independent Regulatory Review Commission met publicly at 10:30 a.m., Thursday, August 9, 2001, and took the following action:

Regulation Approved:

   Insurance Department #11-207: Assigned Risk Plan--Mandatory Offer to Write Nonsurcharged Private Passenger Nonfleet Risks (adds 31 Pa. Code Chapter 67b)

Approval Order

Commissioners Voting: John R. McGinley, Jr., Chairperson, Abstained; Alvin C. Bush, Vice Chairperson, by Phone; Arthur Coccodrilli; Robert J. Harbison, III; John F. Mizner

Public Meeting held
August 9, 2001

Insurance Department--Assigned Risk Plan--Mandatory Offer to Write Nonsurcharged Private Passenger Nonfleet Risks; Regulation No. 11-207

   On July 18, 2001, the Independent Regulatory Review Commission (Commission) received this regulation from the Insurance Department (Department). This rulemaking adds 31 Pa. Code Chapter 67b. Notice of proposed rulemaking was omitted for this regulation; it will become effective upon publication in the Pennsylvania Bulletin.

   This rulemaking establishes the terms and conditions under which insurers in the Pennsylvania Assigned Risk Plan (Plan) must give notice to participants insured under the Plan that they are eligible for a mandatory offer of coverage in the voluntary market from their assigned carrier.

   We have determined this regulation is consistent with the statutory authority of the Department (75 Pa.C.S. § 1741) and the intention of the General Assembly. Having considered all of the other criteria of the Regulatory Review Act, we find promulgation of this regulation is in the public interest.

By Order of the Commission:

   This regulation is approved.

JOHN R. MCGINLEY, Jr.,   
Chairperson

[Pa.B. Doc. No. 01-1577. Filed for public inspection August 24, 2001, 9:00 a.m.]


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