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PA Bulletin, Doc. No. 05-1874

NOTICES

Pennsylvania Compensation Rating Bureau; Filing for Domestic Terrorism, Earthquake and Catastrophic Industrial Accidents and Miscellaneous Values for Foreign Terrorism; Rate Filing

[35 Pa.B. 5591]

   On September 20, 2005, the Insurance Department (Department) received from the Pennsylvania Compensation Rating Bureau (PCRB) proposed revisions to rules, forms, rating values and Statistical Plan revisions pertaining to losses attributable to domestic terrorism, earthquake, catastrophic industrial accidents and foreign terrorism to be effective January 1, 2006. The filing proposes to:

   *  Omit losses attributable to domestic terrorism, earthquake and catastrophic industrial accidents from experience data used in normal ratemaking analyses.

   *  Prospectively rate such losses by applying a $0.01 loss cost in the premium calculation algorithm.

   *  Revise associated endorsement forms, manual language and the Statistical Plan for this Commonwealth.

   The filing is available for review on the Department's website at www.ins.state.pa.us. To access the filing, under ''Quick Links'' click on ''Rate filings published in the PA Bulletin.''

   The filing is also available for review on the PCRB's website at www.pcrb.com in the ''Filings'' section.

   Interested parties are invited to submit written comments, suggestions or objections to Mike McKenney, Insurance Department, Insurance Product Regulation and Market Enforcement, 1311 Strawberry Square, Harrisburg, PA 17120, mmckenney@state.pa.us, within 20 days after publication of this notice in the Pennsylvania Bulletin.

M. DIANE KOKEN,   
Insurance Commissioner

[Pa.B. Doc. No. 05-1874. Filed for public inspection October 7, 2005, 9:00 a.m.]


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