Continental Casualty Company
CCC is requesting the approval of a premium rate increase on the above-listed forms. The increase is needed due to actual mortality running lower than expected in original pricing. The company is requesting an 80% increase for policies and all associated riders for policyholders. To comply with District of Columbia Bulletin 03-PPI-005-11/24, the 80% increase will be implemented as six annual rate increases of 10.0% followed by a seventh increase of 1.6%. If approved, the first rate increase would be implemented following approval. The subsequent rate increases will be implemented one year after the implementation date of the previous rate increase. Each policyholder will be notified of the entire 80% rate increase prior to the implementation of the first rate increase.