Pennsylvania Compensation Rating Bureau; Workers' Compensation Loss Cost Filing
[49 Pa.B. 7547]
[Saturday, December 21, 2019]
On December 10, 2019, the Insurance Department received from the Pennsylvania Compensation Rating Bureau (Bureau) a filing for a loss cost level change for workers' compensation insurance. The filing was made in accordance with section 705 of the Workers' Compensation Act (77 P.S. § 1035.5).
The filing proposes an April 1, 2020, effective date for both new and renewal business and includes the following revisions:
• An overall 10.08% decrease in collectible loss costs.
• An Employer Assessment Factor of 2.02%, as compared to the currently approved provision of 1.83%.
• Updates to a variety of other rating values to reflect the most recent available experience.
The entire April 1, 2020, loss cost filing is available for review on the Bureau's web site at www.pcrb.com in the ''Filings'' section.
Interested parties are invited to submit written comments, suggestions or objections to Eric Zhou, Insurance Department, Office of Insurance Product Regulation, 1311 Strawberry Square, Harrisburg, PA 17120, email@example.com, within 30 days after publication of this notice in the Pennsylvania Bulletin.
JESSICA K. ALTMAN,
[Pa.B. Doc. No. 19-1921. Filed for public inspection December 20, 2019, 9:00 a.m.]
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