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PA Bulletin, Doc. No. 14-456

NOTICES

Notice to Workers' Compensation Insurance Carriers

[44 Pa.B. 1297]
[Saturday, March 1, 2014]

 Insurance companies that write Workers' Compensation are required to report workers' compensation premium, loss and claim count information using 2013 Special Schedule ''W.'' Authority for this call is in section 655 of The Insurance Company Law of 1921 (40 P. S. § 815).

 Information to be reported by April 15, 2014, includes the following:

 For calendar year 2013:

 * Premiums—Written, Unearned, Earned

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

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

 * Deductible adjustments to yield first dollar premiums and losses

 For evaluations as of December 31, 2012, and December 31, 2013, 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 and IBNR), Incurred

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

 Information regarding the submission of 2013 Special Schedule ''W'' has been sent to carriers and has also been posted at the Department's web site at http://www.insurance.pa.gov. In the ''Services for Insurance Companies'' tab select ''Industry Activity'' and under the ''Product and Rate Activity'' section click on ''Data Calls.''

 Persons who have not received this information or have questions concerning information contained in this notice should contact Bojan Zorkic, Actuary, 1311 Strawberry Square, Harrisburg, PA 17120, (717) 787-6968, bzorkic@pa.gov.

MICHAEL F. CONSEDINE, 
Insurance Commissioner

[Pa.B. Doc. No. 14-456. Filed for public inspection February 28, 2014, 9:00 a.m.]


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