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).