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The Pennsylvania Code website reflects the Pennsylvania Code changes effective through 54 Pa.B. 1806 (March 30, 2024).

31 Pa. Code § 73.120. Composite term premium rate.

§ 73.120. Composite term premium rate.

 Composite term premium rates may be used under the following conditions:

   (1)  The insurer shall include in the filing of the composite term premium rates a demonstration that the expected total premium to be collected by the insurer will not exceed the total premium that would be collected if term specific rates were charged.

   (2)  The composite term premium rates may not exceed by more than 10% any term specific rates within the composite term period.

Cross References

   This section cited in 31 Pa. Code §  73.103 (relating to definitions).

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