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PA Bulletin, Doc. No. 09-867

NOTICES

Transamerica Life Insurance Company; Rate Increase Filing for Several LTC Forms; Rate Filing

[39 Pa.B. 2423]
[Saturday, May 9, 2009]

   Transamerica Life is requesting the following rate increase pattern: (a) 0% for all policies with benefit periods of less than 6 years; (b) 15% for the base plan for policies with benefit periods of 6 years and greater with no inflation rider; (c) 15% for the base plan and 29.7% for the inflation rider for policies with benefit periods of 6 years and greater with a simple inflation rider; and (d) 15% for the base plan and 36.6% for the inflation rider for policies with benefit periods of 6 years and greater with a compound inflation rider.

   The following forms, all issued by Transamerica Life, will be affected: IP-70-PA-494, IP-71-PA-494, FP-70-PA-494, FP-71-PA-494, 6222 (PA) 289 As LTC; LTC 2 (PA) 1290, LTC 3 (PA) 1091, LTC 3 (PA) 1091 (GR194), LTC 3 (PA) 1091 (GR195), LTC 3 (PA) 1091 (REV195), LTC 5 TQ NH (PA) 1096, LTC 5 TQ COM (PA) 1096, LTC 5 TQ NH (PA-FP) 1096 and LTC 5 TQ COM (PA-FP) 1096.

   The following forms, all issued by Life Investors Insurance Company of America, will be affected: GCPLUS 1290 (PA), GCPLUS 2 1290 (PA), GCPRO (PA) 193, GCPRO (PA-FR) 193, GCPRO (PA) 995, GCPRO (PA-FR) 995, GCPRO-II (PA) 794, GCPRO-II (PA-FR) 794, GCPRO-II (PA) 995, GCPRO-II (PA-FR) 995, KLTCP 1 (PA) 490, LI-LTCP (PA) 192, LI-LTCP (PA) 195, LI-LTCP (PA-FR) 195, LI-LTCP TQ (PA) 898, LI-LTCP TQ (PA-FR) 898, GP001 796 (GC001 NH (PA) 796, GC001 LTC (PA) 796 and GC001 HHC (PA) 796.

   The following forms, all issued by Transamerica Occidental Life Insurance Company, will be affected: 1-812 44-190, 1-820 44-991, 1-822 44-991, LTC-104-194-PA, LTC-105-194-PA, LTC-106-194-PA, LTC 124-197-PA, LTC 224-197-PA, LTC 125-197-PA, LTC 225-197-PA, LTC 126-197-PA, LTC 226-197-PA, LTC 304-198-PA and LTC 305-198-PA.

   A total of 1,193 Pennsylvania policyholders will be affected by this rate adjustment.

   Unless formal administrative action is taken prior to July 23, 2009, the subject filing may be deemed approved by operation of law.

   A copy of the filing is available on the Insurance Department's web site at www.ins.state.pa.us. Scroll down the home page and click on ''Consumer Information'' located on the left side. Next scroll down to ''General Information,'' located in the middle of the page and click on ''Notices.'' The pdf copy of this filing is located at the link ''Filing.pdf'' following the name of the filing.

   Interested parties are invited to submit written comments, suggestions or objections to James Laverty, Actuary, Insurance Department, Insurance Product Regulation and Market Enforcement, Room 1311, Strawberry Square, Harrisburg, PA 17120, jlaverty@state.pa.us within 30 days after publication of this notice in the Pennsylvania Bulletin.

JOEL SCOTT ARIO,   
Insurance Commissioner

[Pa.B. Doc. No. 09-867. Filed for public inspection May 8, 2009, 9:00 a.m.]


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