Statutes, codes, and regulations
Pennsylvania Code (Rules and Regulations)
Title 31 - INSURANCEPart VII - Property, Fire and Casualty Insurance
Chapter 116 - DISCOUNTING OF WORKER'S COMPENSATION LOSS RESERVES
Section 116.8 - Increased loss reserves and loss adjustment expense reserves

31 Pa. Code § 116.8

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Current through Register Vol. 54, No. 49, December 7, 2024
Section 116.8 - Increased loss reserves and loss adjustment expense reserves

The Commissioner may require an insurance company to maintain loss reserves at a greater level than those which result from the application of this chapter, and allocated loss adjustment expense reserves at a level greater than those calculated under § 116.6 (relating to reserves for loss adjustment expenses) when the Commissioner determines it is necessary to insure that reserves are established at an adequate level.

31 Pa. Code § 116.8

The provisions of this § 116.8 amended August 10, 2001, effective 8/11/2001, 31 Pa.B. 4423.

The provisions of this § 116.8 amended under The Insurance Company Law of 1921 (40 P. S. §§ 341-999); The Insurance Department Act of 1921 (40 P. S. §§ 1-321); and sections 206, 506, 1501 and 1502 of The Administrative Code of 1929 (71 P. S. §§ 66, 186, 411 and 412).