Medical Professional Liability Insurance Study
[51 Pa.B. 664]
[Saturday, January 30, 2021]
The Insurance Department is conducting a medical professional liability insurance study to determine whether sufficient capacity exists to increase the basic coverage limits of insurance required by the Medical Care Availability and Reduction of Error (MCARE) Act (40 P.S. §§ 1303.101—1303.910).
Sections 711—716 of the MCARE Act (40 P.S. §§ 1303.711—1303.716) established, among other things, the MCARE Fund and the basic coverage limits for medical professional liability that each health care provider participating in the MCARE Fund must insure or self-insure. With certain exceptions, once the basic coverage limits are exhausted, the MCARE Fund provides excess insurance coverage.
Sections 711—716 of the MCARE Act also provide a schedule for the basic coverage limits to be increased with the MCARE Fund eventually being eliminated. However, the basic coverage limits are only to be increased after the Insurance Commissioner finds, under a study, that additional basic insurance capacity exists. A study is required at this time under the MCARE Act.
Interested parties that wish to comment on whether sufficient insurance capacity exists to increase the basic coverage limits of medical professional liability insurance are invited to submit written comments by means of e-mail to Dennis Sloand, Actuarial Associate, email@example.com within 30 days after publication of this notice in the Pennsylvania Bulletin.
JESSICA K. ALTMAN,
[Pa.B. Doc. No. 21-182. Filed for public inspection January 29, 2021, 9:00 a.m.]
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