§ 323.12-A. Board
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 40 P.S. InsuranceEffective: July 23, 2018
Effective: July 23, 2018
40 P.S. § 323.12-A
§ 323.12-A. Board
(f) Executive director and administrative support.--The day-to-day operations of the board shall be managed by an executive director hired by the commissioner whose annual salary and other benefits of employment shall be determined by the commissioner. The department shall provide the board with other administrative support as the department, in consultation with the executive director, deems necessary and appropriate. The executive director and other staff hired to support the work of the board shall be considered Commonwealth employees.
(4) Develop rates, rating plans, rating and underwriting rules and standards, rate classifications, rate territories, policy forms and riders in accordance with applicable laws and subject to the commissioner's approval under sections 712(f) and 731(b)(2) and (4) of the Mcare Act.1
(6) If the board deems it to be in the best interests of the policy holders and the Commonwealth, subject to the commissioner's approval, place a portion of the funds of the association in a restricted receipt account in the Treasury Department. The State Treasurer shall create a restricted receipt account at the request of the board. Money in the account is appropriated for the purposes required in the Mcare Act, this article and as may otherwise be directed by the board.
(7) Authorize the executive director to participate in the scheduling conferences and other provisions of Article IX2 on behalf of the board.
Credits
1921, May 17, P.L. 789, No. 285, art. IX-A, § 912-A, added 2018, June 22, P.L. 273, No. 41, § 3, effective in 30 days [July 23, 2018].
40 P.S. § 323.12-A, PA ST 40 P.S. § 323.12-A
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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