Hearing Scheduled for May 16, 2005
In accordance with the provisions of Section 5 of Chapter 175E of the Massachusetts General Laws, a hearing will be held on May 16, 2005, at 10:00 a.m. at the Division of Insurance, 5th Floor, One South Station, Boston, MA, to consider testimony, both oral and written, concerning whether the fix-and-establish ratesetting procedure used to set 2005 private passenger automobile insurance rates should be renewed to set 2006 rates.
In this hearing, the Commissioner will examine whether for 2006 private passenger automobile insurance rates, with respect to any territory or to any kind, subdivision or class of insurance, competition is either i) insufficient to assure that rates will not be excessive, or ii) so conducted as to be destructive of competition or detrimental to the solvency of insurers.
Any person who wishes to testify is requested to submit a Notice of Intent to Testify on or before May 13, 2005. All other persons will be heard after those who submit such notice. Written comments may be submitted at any time prior to the conclusion of the hearing. Participants who wish to introduce actuarial or other data at the hearing are urged to file such data with the Division no later than May 9, 2005.
This proceeding is designated as Docket No. R2005-08. All submissions shall contain this designation, and must be addressed to the Docket Clerk, Hearings and Appeals, Division of Insurance, One South Station, Boston, MA, 02110-2208.
April 14, 2005