Home Table of Contents

§ 323.1. Purpose

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 40 P.S. InsuranceEffective: July 23, 2018

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 40 P.S. Insurance (Refs & Annos)
Chapter 1. Insurance Department (Refs & Annos)
Article IX. Examinations (Refs & Annos)
Effective: July 23, 2018
40 P.S. § 323.1
§ 323.1. Purpose
The purpose of this article is to provide an effective and efficient system for examining the activities, operations, financial condition and affairs of all persons transacting the business of insurance in this Commonwealth and all persons otherwise subject to the jurisdiction of the department. The provisions of this article are intended to enable the department to adopt a flexible system of examinations which directs resources as may be deemed appropriate and necessary for the administration of the insurance and insurance related laws of this Commonwealth. This article recognizes the commitment of the department to work with the insurance industry to utilize the most efficient means to conduct examinations, minimize costs, facilitate cooperation and communication between insurers and the department, increase transparency and increase efficiencies to the greatest extent possible.

Credits

1921, May 17, P.L. 789, No. 285, art. IX, § 901, added 1992, Dec. 18, P.L. 1496, No. 177, § 12, effective in 120 days. Amended 2018, June 22, P.L. 273, No. 41, § 1, effective in 30 days [July 23, 2018].
40 P.S. § 323.1, PA ST 40 P.S. § 323.1
Current through the end of the 2023 Regular Session. Some statute sections may be more current, see credits for details.
End of Document