Pennsylvania Code
Pennsylvania Code & Bulletin
COMMONWEALTH OF PENNSYLVANIA

• No statutes or acts will be found at this website.

The Pennsylvania Bulletin website includes the following: Rulemakings by State agencies; Proposed Rulemakings by State agencies; State agency notices; the Governor’s Proclamations and Executive Orders; Actions by the General Assembly; and Statewide and local court rules.

PA Bulletin, Doc. No. 01-373

NOTICES

Notice to Workers' Compensation Insurance Carriers

[31 Pa.B. 1293]

   Insurance companies that write workers' compensation are required to report workers' compensation premium, loss and claim count information using 2000 Special Schedule ''W.'' This information is to be reported to the Insurance Department (Department) and to the Pennsylvania Compensation Rating Bureau (PCRB). Authority for this call is contained in section 655 of the Insurance Company Law of 1921 (40 P. S. § 815).

   Information to be reported by April 16, 2001, to the Department and the PCRB includes the following:

   For calendar year 2000:

   *  Premiums--Written, Unearned, Earned

   *  Losses--Indemnity vs. Medical for Paid, Reserves (Case vs. Bulk & IBNR), Incurred

   *  Amounts added to premium to yield PCRB Standard Earned Premium at Designated Statistical Reporting Level

   *  Deductible adjustments to yield first dollar premiums and losses

   For evaluations as of December 31, 1999 and December 31, 2000, policy year information for large deductible (that is, deductible > $100,000) policies vs. all other policies including small deductible policies on a first dollar basis:

   *  Premiums--Earned

   *  Losses--Indemnity vs. Medical for Paid, Reserves (Case vs. Bulk & IBNR), Incurred

   *  Claim counts--Indemnity vs. Medical for Incurred, Closed with and without payments

   Reports must be submitted in an electronic form. The forms for submission and preformatted Excel spreadsheets were posted on February 28, 2001, at the Department's website, http://www.insurance.state.pa.us, under the ''What's New'' section.

   Persons who have not received this information or have questions concerning information contained in this notice should contact Brenna Murphy, Actuarial Associate, 1311 Strawberry Square, Harrisburg, PA 17120, (717) 783-2114 or e-mail: brmurphy@state.pa.us.

M. DIANE KOKEN,   
Insurance Commissioner

[Pa.B. Doc. No. 01-373. Filed for public inspection March 2, 2001, 9:00 a.m.]


No part of the information on this site may be reproduced for profit or sold for profit.

This material has been drawn directly from the official Pennsylvania Bulletin full text database. Due to the limitations of HTML or differences in display capabilities of different browsers, this version may differ slightly from the official printed version.