Pennsylvania Compensation Rating Bureau; Workers' Compensation Experience Rating Plan Filing
[33 Pa.B. 2951]
On June 5, 2003, the Insurance Department (Department) received from the Pennsylvania Compensation Rating Bureau (PCRB) a filing that proposed changes to the existing Workers' Compensation Experience Rating Plan. This filing is made in accordance with section 705 of the act of July 2, 1993 (P. L. 190, No. 44). The PCRB requests these changes to be effective April 1, 2004, on a new and renewal basis.
In broad terms, the filing proposes to retain the existing qualification standards for experience rating and to continue the existing arithmetic formula for the promulgation of experience modifications. Changes are proposed for assigning credibility weights to employers' reported data and in the limitations applicable to the amounts that can be charged against an employer's record on account of any individual claim or loss occurrence. In addition, a proposal is made to limit year-to-year swings in experience modifications to a specified range about the expiring modification, indications otherwise derived from the Experience Rating Plan notwithstanding.
Requests for copies of the filing materials should be directed to Michael J. Doyle, ACAS, Chief Actuary of the PCRB, (215) 568-2371, firstname.lastname@example.org.
Interested parties are invited to submit written comments, suggestions or objections to Ken Creighton, ACAS, Insurance Department, Insurance Product Regulation and Market Enforcement, 1311 Strawberry Square, Harrisburg, PA 17120, email@example.com, within 30 days after publication of this notice in the Pennsylvania Bulletin.
M. DIANE KOKEN,
[Pa.B. Doc. No. 03-1227. Filed for public inspection June 20, 2003, 9:00 a.m.]
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