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PA Bulletin, Doc. No. 97-383


Pennsylvania Compensation Rating Bureau; Workers' Compensation Proposed Revisions

[27 Pa.B. 1221]

   On February 24, 1997, the Insurance Department received from the Pennsylvania Compensation Rating Bureau proposed revisions to the Pennsylvania Construction Classification Premium Adjustment Program.

   The Pennsylvania Compensation Rating Bureau requests that for policies with anniversary rating dates on or after July 1, 1997, the reporting period used to determine the payroll and hours worked for determining the credit be updated to the third quarter of 1996.

   The Pennsylvania Compensation Rating Bureau also requests that the minimum hourly wage eligible for premium credit be updated in accordance with the most recent change in the Statewide average weekly wage, bringing the minimum wage to $16.25 per hour.

   Revisions are proposed in many of the increments in qualifying wages used to construct premium credits. This is being done to avoid premium reversals.

   Copies of the filing are available for public inspection during normal working hours, by appointment, at the Insurance Department's offices in Harrisburg, Philadelphia, Pittsburgh and Erie.

   Interested parties are invited to submit written comments, suggestions or objections to Guo Harrison, Insurance Department, Office of Rate and Policy Regulation, Bureau of Property and Casualty Insurance, Actuarial Review Division, 1311 Strawberry Square, Harrisburg, PA 17120, within 30 days of publication of this notice in the Pennsylvania Bulletin.

Insurance Commissioner

[Pa.B. Doc. No. 97-383. Filed for public inspection March 7, 1997, 9:00 a.m.]

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