Pennsylvania Code
Title 31 - INSURANCE
Part III - Credit Insurance
Chapter 73 - CREDIT LIFE INSURANCE AND CREDIT ACCIDENT AND HEALTH INSURANCE
Section 73.123 - Loss ratio standards
Universal Citation: 31 PA Code ยง 73.123
Current through Register Vol. 54, No. 12, March 23, 2024
Unless revised loss ratio standards are adopted, the loss ratio standards for the coverages specified shall be as follows:
| Loss Ratio Standard | |
| Credit Life | 55% |
| Credit Life with TPD | 55% |
| Credit Accident and Health | |
| 14-Day Retroactive | 65% |
| 14-Day Nonretroactive | 65% |
| 30-Day Retroactive | 60% |
| 30-Day Nonretroactive | 60% |
| Credit Involuntary Unemployment | |
| 30-Day Retroactive | 60% |
| 30-Day Nonretroactive | 60% |
| Credit Voluntary Unemployment | 60% |
This section cited in 31 Pa. Code § 73.106 (relating to life insurance rate standards); 31 Pa. Code § 73.109 (relating to A & H insurance rate standards); 31 Pa. Code § 73.112 (relating to involuntary unemployment insurance rate standards); 31 Pa. Code § 73.113 (relating to voluntary unemployment insurance rate standards); and 31 Pa. Code § 73.122 (relating to deviated rates).
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