NOTICES
Utica First Insurance Company; Surcharge Rule for Homeowners' Premium Rates; Doc. No. RT98-05-006
[28 Pa.B. 2468] An adjudicatory hearing will be held at the Capitol Associates Building, 901 North Seventh Street, Second Floor Hearing Room, Harrisburg, PA 17102 on June 9, 1998, at 11 a.m.
The subject rule filing, if approved, would permit Utica to impose a surcharge on homeowners' premiums, at the time of issuance or renewal of a policy, based on the loss experience of the insured for the immediately preceding 3 years. Based upon that loss experience, a surcharge may be imposed as follows: 15% for two paid losses, 25% for three paid losses, 50% for four paid losses and 75% for five paid losses.
Matters to be considered at the hearing will include the following:
1. Whether the insurer must provide notification of the surcharge provisions to applicants for new policies and to current policyholders at renewal;
2. Whether the surcharge provision may be applied with respect to claims submitted by current policyholders prior to the implementation of the proposed surcharge provision by the insurer.
Persons wishing to intervene must file a petition to intervene with the Administrative Hearings Office under the provisions of 1 Pa. Code §§ 35.27--35.32 within 10 days of the publication of this notice in the Pennsylvania Bulletin.
Copies of these filings are available for public inspection during normal work hours at the Insurance Department's offices in Harrisburg, Philadelphia, Pittsburgh and Erie.
Interested parties are invited to submit written comments, suggestions or objections to ''Utica Hearing,'' Attn: Randy Rohrbaugh, Director, Bureau of Property & Casualty Insurance, 1311 Strawberry Square, Harrisburg, PA 17120, within 30 days after publication of this notice in the Pennsylvania Bulletin.
Persons with a disability who wish to attend the above-referenced adjudicatory hearing, and require an auxiliary aid service or other accommodation to participate in the hearing, should contact Tracey Pontius, Agency Coordinator at (717) 787-4298.
M. DIANE KOKEN,
Insurance Commissioner
[Pa.B. Doc. No. 98-836. Filed for public inspection May 22, 1998, 9:00 a.m.]
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