Delaware Insurance Commissioner Karen Weldin Stewart Schedules Public Hearing on Proprosed Workers’ Compensation Rate Increase Filing

DOVER – INSURANCE COMMISSIONER KAREN WELDIN STEWART, CIR-ML, hereby gives notice that a PUBLIC HEARING will be held on Friday, November 2, 2012, at 10:00 a.m. at the Department of Justice, 820 North French Street, 6th Floor, Wilmington, DE 19801.

Pursuant to 18 Del. C. §§ 2605 and 2610, and 29 Del. C. §§ 10121-29, the purpose of the hearing is to allow for public comments and to determine whether a particular proposed rate is excessive, inadequate, or unfairly discriminatory and whether such rate is in compliance with Chapter 26 of Title 18 of the Delaware Code, namely, Delaware Compensation Rating Bureau Filing No. 1201 filed with the Delaware Department of Insurance on August 14, 2012. The docket number assigned to this hearing is 2074-2012.

The hearing will be conducted in accordance with the Delaware Administrative Procedures Act, 29 Del. C. Chapter 101. A party has the right to present evidence, be represented by Delaware counsel, and to appear personally or by other representative. The Delaware Department of Insurance is obligated to reach its decision based on the evidence received.

Comments are being solicited from any person. Comments may be in writing or may be presented orally at the Hearing. Written comments must be received no later than Friday, October 19, 2012 by 4:30 p.m., and should be addressed to the attention of Rhonda West, Regulatory Specialist, Delaware Department of Insurance, 841 Silver Lake Boulevard, Dover, DE 19904. Also, those intending to provide oral comments at the hearing must notify Rhonda West at 302.674.7379 or, no later than 4:30 p.m., Friday, October 19, 2012.

Members of the public may view this filing in advance of the session by going on-line to the Delaware Compensation Rating Bureau website, click on “Filings”, and then click on “Filing No. 1201 December 1, 2012 Rate and Loss Cost Filing.”