NOTICES
INSURANCE DEPARTMENT
Progressive Advanced Insurance Company; Progressive Preferred Insurance Company; Progressive Specialty Insurance Company; Private Passenger Automobile; Rate and Rule Revisions
[42 Pa.B. 1743]
[Saturday, March 31, 2012]On March 1, 2012, the Insurance Department (Department) received from Progressive Advanced Insurance Company, Progressive Preferred Insurance Company and Progressive Specialty Insurance Company a filing for rate level changes for private passenger automobile insurance.
The companies request an overall 4.9% increase, amounting to $10,154,765, to be effective June 29, 2012, for new business and August 8, 2012, for renewal business. This overall figure represents an average; the effect of this filing on the rates for individual consumers may vary.
The filing also includes significant revisions to the companies' rules, including an Occupation/Education rating variable. Section 5(a)(7)(iii) of the Unfair Insurance Practices Act (act) (40 P. S. § 1171.5(a)(7)(iii)) prohibits insurers from ''[m]aking or permitting any unfair discrimination between individuals of the same class and essentially the same hazard with regard to underwriting standards and practices or eligibility requirements by reason of . . . occupation,'' among other things. The act, however, further provides that ''[t]he terms 'underwriting standards and practices' or 'eligibility rules' do not include the promulgation of rates if made or promulgated in accordance with the appropriate rate regulatory act.''
A copy of the filing is available on the Department's web site at www.insurance.pa.gov. Under the tab ''How to Find . . .'' click on ''PA Bulletin.'' Refer to rules P41 and P97, the Occupation Group Table, the Occupation/Education Rank Table and the Occupation/Education Factor Table for the full details regarding the proposed Occupation/Education rating variable.
Unless formal administrative action is taken prior to April 30, 2012, the subject filing may be deemed approved by operation of law.
Interested parties are invited to submit written comments regarding the filing to Michael McKenney, Insurance Department, Office of Insurance Product Regulation, 1311 Strawberry Square, Harrisburg, PA 17120, mmckenney@pa.gov within 30 days after publication of this notice in the Pennsylvania Bulletin.
MICHAEL F. CONSEDINE,
Insurance Commissioner
[Pa.B. Doc. No. 12-594. Filed for public inspection March 30, 2012, 9:00 a.m.]
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